everything is clearly explained in charts... it looks good to go long with some retracement so that risk will be low
all the selling that has come on February last week has been observed..... all the weaker bulls have been eliminated!... and now it's time to move, but one should maintain there stoploss below the support region enter only with less quantity....and get ready to reverse your position if it goes against you... comment me if you have any doubts, and do like and...
excellent break-out and retest..... monthly chart is also excellent..... simple prize-action.... do comment if have any doubts, and do like and follow for more such updates!...
simple prize action ..... comment if you have any doubts..... do like and follow for more such updates....
crucial resistance of 5500 is taken out(on weekly time frame also)...... RSI is also strong and taking support at 60.... added 30% quantity, rest i will add only after re-test(risk-reward, money management)... comment if you have any doubts... do like and follow for more such updates....
simple prize action in monthly time-frame..... it is better to enter after re-test!...... if you have any doubts feel free to ask.... do like and follow for more such updates.....
simple structure.... comment below if you have any doubts.. do like and follow for more such updates!.....
everything explained detailly in the chart.... if you have any doubts fell free to ask.... do like and follow for more such updates!....
a great resistance of 420 is taken out. now it is acting as support. option sellers have good chance....(selling 420 puts)... comment if you have any doubts... like and follow for more such updates...
clear breakout and re-test in weekly charts..... it has also started moving higher. enter with small quantity.... once it breaks high you can add more stop loss on weekly closing basis...
simple prize action!.... ascending triangle breakout and at present it is re-testing the level. if it gives some bullish conformation one can enter it with a stop loss of swing low. or if it breaks down(false breakout) and the swing low is taken out then it moves lower..... do like and follow comment if you have any doubts!....
added in my watch list when it is consolidating in range, but I thought of posting when it gave a breakout and I am late by 2 days and the damage has been done!..... simple prize action, I think no need to explain....
metal sector is going higher, higher and higher. present situation is neutral, but it can't stay in a range for long time... as it gave a good consolidation forming a range and now ascending triangle pattern is visible, so it can start moving higher or if it fails starts moving lower... the levels are given in the chart if you have any doubts feel free to...
as it consolidated for decent time and gave a breakout... it also re-tested and conformed the up-trend with bullish engulfing near support levels!.... in one week time frame it is going to form bullish pin bar near support levels!... with all these reasons one can go long !... if you have any doubts feel free to ask and comment. and don't forget to like and follow!...
respecting support and resistance very well... it has formed double bottom and double top in past and the targets have been achieved and then it gave a break down and couldn't sustain, and those who took short positions have triggered there sl.... so with all these reasons we can take a long trade... do follow for more updates!....
as you can see it has given a nice channel breakout and re-tested also.....and it is ready to head higher....the only concern is 2000 is a good psychology level, once it is also taken out, then there is nothing to stop......
after good consolidation in a range we now see a break out, watch for 2000 levels as it acts as good resistance, as our markets may start consolidating again IT has the potential to out perform...... trade only in cash market or option selling for safe returns....