multiple support around 61-65 levels in last 2 years .observed when ever enters this zone after correction strong pull back rally follows , now also this month touched near 65 level on rising trendline support zone .If holds for next 2-3 weekly trading session strong recovery can be expected ,.and it support level 60-65 zone holds for next 3-4 month can see big...
from last 12 month have contradict in volatility moving symmetrical triangle formation and we can see breakout of triangle formation . This comes at multiyear low good base made around 150-200 zone h expecting this support to hold and in next 3-4 year can see good ROI on long side in commodity expecting a rise towards 500-600 zone in next 12-18 month .Positive...
flirting near 3 month rising trendline if start closing below 50500 level on day closing bases with bearish candles can see fall towards 49500 & below if holds and bounces can see upside to 51500 & above in next 5-6 session be alert . As stock are oversold i favor in recovery side towards 51500 & above .view fails if start closing below 50500.
good consolidation of 3-4 weeks before breakout of 2 year channel if in coming days consolidation low holds can see good short covering and fresh long build up that can move stock towards 8000 levels in coming 3 weeks .with support 6700 weekly closing bases .all possible if result goes in favored .can beat with low quantity if move goes in favor can generate ...
2024 lows last chance to enter long with support 2700 weekly closing for above tgt 3200 in next 3-5 month
after heavy sell off last week this week manage to make base around 50000 levels in coming weeks if defends 50000 on weekly closing bases bank nifty is expected to move towards 550000 levels in next 3-5 weeks . this shows bank result psu and private major will post surprise good result .
For now up till index closes above 80000 on weekly closing bases we can consider it as normal running correction but if by end of October month or on weekly closing bases index start closing below 80000 will be the first sins of a 5000 and more point correction to trigger . All Short term trading position will trigger stoploss and can see good unwinding and fresh...
with It Expect to post good set of number has made good base near 5900 -6000 zone on weekly closing . If number out beats street estimates and holds support of 5900-6000 zone probability of stock moving to wards 100000 club are high up to next quarterly result .
Near to rising trendline support area weekly chart for next 2 weeks defend closing below 50000 levels can see sharp up move back towards 54000-56000 levels in next 2 month .keep on radar if consolidates in tight range on day chart for next 3 days enter long with support 50000 weekly closing bases .view fails if weekly start closing below 50000 levels .
Trading near december 23 and september 24 lows if holds september lows of 5500 expect a double bottom formation near december lows and from nrxt month on wards crude can start good uptrend towards 7000 & above levels . ( this are my personal views i might be wrong to.)
MCX Natural Gas - If Manages to defend and close above 150 level on monthly closing bases can then in coming month can see good upside move towards 250-300 levels .on closing strongly above 300 level will confirm double bottom and then can rise towards all time high in next 2 years ,keep on radar for long term buying interest price action in process of bottom...
mcx crude oil - Is moving in descending triangle formation from its high of march 22 , making support in zone 5500-5700 zone on monthly closing bases .now has reached near support if holds on monthly closing can see a bounce back towards falling trendline resistance around 6500 levels in coming month . crude oil to remain range bound to negative up till it does...
entering towards important demand zone support can plan for Silver ETF adding and adding long on falls towards 75000 below 80000 levels with support 70000 closing bases on monthly . Possibilities of silver movement in next 6-8 month towards 105000-120000 levels are high .View fails if silver monthly close start closing below 70000 levels .
One more down wave towards 750 level and copper will be a great entry for long term for next 6-8 month possibilities of movement towards 900-1000 levels are high .bullish view fails in copper on monthly closing start closing below 700-675 zone .
inching towards its rising trendline support near buy zone 6200-6350 entering long should be benificial if form support in next 2-3 session with support 6000 below this rally can move towards 7000-7200 levels in coming months. this view fails if weekly start closing below 6000 level .
Strong support build at rising trendline around 500 levels was in downtrend just breakout of it can keep on radar on any correction can look for accumulation , in next few month expecting 800 + levels .view fails on monthly close below 500 levels .
breakout of 2 year consolidation symmetrical triangle with volume with closing weekly support 35 can move towards 75 and then to 100 levels .view fails on closing below 35 on weekly time frame .
double bottom formation on monthly time frame in commodity near 70 level if holds on monthly closing bases can see good buying momentum upto 100 level & above in next 6 -8 month .