MCX Gold Technical Analysis, Forecast, & Tips For The Current Trend

free commodity gold tips chart

As per this chart, the gold trend confirms through a level of 38260. Below 38260 level: it can continue downfall up to 37100 – 36900.

Gold futures (CFD) level 1498 confirms a solid uptrend for short-term investors. Additionally, with an uptrend channel help we will see again 38500 – 39000 – 39500 – 40000 levels. We recommend reading our 26 Aug 2019’s this newsletter: MCX Gold & Silver – Outperforming

Who’s going to initiate a short position on gold? Keep these two major factor in your mind: RSI Breakout and MACD Crossover. Don’t forget to check Moving average 50 & 200 alignments.

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Short View For BANKNIFTY With Exact Channel

Banknifty opened at the resistance of (3) wave 27701 nearby which is at value high. This resistance pushes it toward the control value at 27463(gravitating) and (4rth) wave at value low. Looking at it seems that short declining wave can start for the target.

Above all levels are for a spot.

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From a strategic standpoint, the technical traders must decide two things: First, the trader must choose when to enter a position, and second, he or she must choose when to exit a position. Choosing when to exit a position is composed of two decisions. Exactly, and therefore our research give 90% above accurency.

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Crude oil & Natural gas: Potential Divergence and New Targets

natural gas tips charts

Why natural gas prices moved down? What’s next?

MCX natural gas traders must watch futures (CFD) 2.560 level. Everything is safe (up to 190 – 194) above this level for buyers. But below 2.560, a downtrend is up to 183 – 180 levels.

MCX Crude oil Price Technical Perspective

crude oil tips chart

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Infosys has seen strong channel

The price trading at a value high. I always prefer to trade on the excess. Resistance is 850 nearby for target 825.5 nearby at control price.

More detail is for subscribers.

Short INFY future 846-849 and stop loss 855 above, targets 835-832 intraday and positional 820-805

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Fantastic real time TRIANGLE pattern on ITC

Fantastic real-time TRIANGLE pattern on ITC

This is NSE equity stock and all level are for equity.

This is a perfect example of Triangle and already completed 5 waves in it. Ready for a breakout. Suppose to breakout, you will get new direction with a spike.

How to detect the direction side of SPIKE(means big and surge move)…! The changing in volume will provide you single for direction move. I have plotted Average Vvolume when it breaks and crossover  2x or 3x in volume will lead you the direction of SPIKE.

Updated on 11th Sept. 2019

We already tested ITC future in profit. Now your food is going to cook. ITC is ready to break TRIANGLE with Spike.

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Short sell ITC 245.7-246.4 and stoploss 247 and targets 243-1, if close below 243… then hold for 2-4 days for targets 238

 

Resulf of breakdown on ITC, we sold ITC in future and enjoying it

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Breakdown strategy for Nifty scenario

Statement (1): As per “No trading activities“, the price is not going to cross above the Control Price which drew by blue color.

Statement (2): Presently, Nifty is again going to high volatile as show by Remarkable box.

Statement (3): From the TimeCycle, approximately move projected by (A),(B) and (C).

As per channel, the main support is 10525 below where investors think for the long side. The price can consolidate between 11300 and 10600 range for 2-3months. Breaking this range will create a new spike.

Resistance 10925 for targets 10765-10622 if trade below 10950

Intraday TRADE for NIFTY SEPT. Future and VEDL future

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