Free Stock, Commodity, Forex Trading Tips & Education Articles

Parallel Channel and use of it over the NIFTY

0 78972

We found that a price is frequent spending more and more time between “Upper-Band” & “Gravitation line”. In other words, a price staying much of time between “Upper-Band” & “Gravitation line”.
Look at the upper-bank has 6 touches.
We are seeing no activities between the lower band and control price. That’s why we concluded that if price breakdown, gravitation line will be confirmation of fall. Yes, you can take profit from this type of trend by using buy at control price and sell at the upper band.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

Short term view in NIFTY50 for INTRADAY

0 82089

Intraday support 14112, Resistance 14219
INTRADAY traders can short their position for the target of 14118 nearby.

If there will be breakout and price will cross the main resistance level that is 14219 then nifty will be still much bullish as indicators are indicating.

TECHNICAL INDICATORS

Moving Averages – Bullish

Technical Indicator – Bullish

Moving Averages Crossovers – Bullish

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

MCX Aluminium 2021’s Supercycle

6 20440

free commodity aluminium tips chart

MCX Aluminium is moving sharply. Its range is 21 to 23 bars or a month. It can fall back up to the support trendline (TP: 159 – 156).

According to this chart, aluminum will not stop here. It is further advance up to 168 – 172 – 176 levels.

PREVIOUS TRADING CALLS UPDATES

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

EW – 5th W in progression – A,B,C Correction complex.

2 9361

Elliot Wave for LT, 5th Wave probability at 1403/1462 by using extensive fib ratio for targets 1300 and ABC correction can 1105 nearby.

Watch closely the “W” pattern & Fib Ratio on LT!

The LT is trading in a parallel channel and it is in the middle of trend, technically it can be said that the 5 wave has started, and it will end by touching the resistance line due to wave analysis.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

MCX Copper in a Temporary Pullback (EWT)

3 21707

free commodity copper tips daily chart

Copper has made the Bullish Elliott wave on the daily timeframe. It’s completed the five-wave cycle, ABC correction is remaining. After the 5th wave, the trend started to make the A, and it’s still making it. MCX copper has to cross 585 – 580 – 560. After that, it will rise for a short period to make the B. And it will fall again to make C. But all over, it’s an uptrend.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

Is Natural Gas Ready to Complete a “Head and Shoulders”?

8 23995

free commodity naturalgas chart tips

Natural gas started to make the head and shoulders pattern on the daily timeframe. First, let’s understand some basics about the head and shoulders pattern. Here, it’s a bearish head and shoulders pattern. In this pattern, the trend starts with the uptrend and makes the left shoulder, head, and the right shoulder. And after the completion of the right shoulder, it falls by breaking the neckline.

In this chart, the trend completed the left shoulder, and the head is almost there. And then it will create the right shoulder. It will fall up to the neckline to complete the formation of the head. And the targets to reach the neckline are as following, 180 – 175 – 168.

After hitting the neckline, the next step of natural gas will be the right shoulder. As per the rules, the right shoulder can be similar to the left shoulder or, it can be at a higher level than the left shoulder. Because the left shoulder is at 203, the trend will march again to 203 to make the right shoulder. To reach 203, natural gas will hit 180 – 190 – 200.

And then the trend will take reversal and fall by breaking the neckline.
Targets: 195 – 185 – 175.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading