Free Stock, Commodity, Forex Trading Tips & Education Articles

Dealing with 4-chart “extensively research” at Reliance price

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  Volume vs. Price Action:

Points to be focus on:

  • Gap (run away type)
  • Invalid Doji (from the left to right Doji is invalid because of low volume compare to previous candle)
  • sequence of tails (sign of existence negativeness)
  • Interruption began to push price upward.

Red Alert : sellers will take action on the Red Alert zone 1542 to 1490, and price will T1 as target.

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Fibonacci Retracement:

Confluence zone 1353 to 1329 target
next target 1250 nearby if sellers will continue.

Wave analysis theory (unconfirmed):

Parallel Channel and Project:

T1 -1375 to 1380

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Validation of Parallel Channel And Decisive Zone For TCS

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Parallel Channel defined validation, more than 2 price is used to find price point by connecting at least minimum two price in degree.

TCS trading price at DECISIVE zone for further direction: up-break or follow the channel as projection. If price is continue call follow the price Parallel channel, the first target is at 1977 nearby.

Observation by using PRICE ACTION with Volume:

No INVALID sign of any kind has been seen yet. That’s why we have no clue for selling. In terms of price and volume, the rhythmic seems moving. Possibility for up-break out or wait for sign of invalid candle.

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MCX Gold vs. Crude oil – Tips & Update

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gold daily chart tips

Crude Oil Price Is Getting Ready For Its Next Breakout

free crudeoil tips chart

As per the chart and situation, we will see more downside jump in crude oil prices.
Downtrend targets: 800 – 760 – 700 – 600 – 560 below

Traders can stop selling if it closed above the 1600 level or watch out the resistance trendline.

In the next report, we will update on MCX Gold & Silver in-depth.

Guar Gum Sets Up For Another Massive Move Lower

NCDEX Guar Gum Futures is close to March low. It will keep falling if that level breaks.
Targets: 4660 – 4500 – 4400

Note: position can be initiated after a breakout of March low.

Don’t miss out to read the previous agri-commodity trading alerts report: Free Jeera & Cotton Tips

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Nifty Trading View For This Week

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Short Term View for NIFTY:
3 control working her excellent. After breakout, the channel will create new trend.

As per weekly breakdown strategy of the channel, Bottom is out base on time Cycle and value low.

Control Price (c) is going to price attraction which higher from current price.

I will update shortly NIFTY trade for SUBSCRIBER.

Fib Retracement.

Important of 50%(9387) Fib. Retracement at “a” and “b”, which mean start and end point of fib is perfect.

Pull-back retracement is at 8661 nearby which is easy at 61.8%.

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Will Crude Oil Touch 900 Level?

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free crudeoil chart tips

This crude oil chart is for intraday traders only.
Sell position can’t initiate after breakout 990 level.

Continuation: 930 – 910

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Nifty is going to open more than 200+

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nifty is going to open more than 200+. At opening (b) control price can react as resistance, otherwise, the next resistance at (a) controlled is too far at 9414 nearby.

There’s more chance to get a fall on nifty

As per the time cycle nearby date 20 April, we may see nifty 8800 below.

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