Month: August 2017

  • UPDATE – TATA STEEL TRADE SETUP

    I have mentioned a trade possibility of Tata Steel as there is a rising wedge + negative diversion. Today Some steel stocks has breakout on the upside like JSW steel.. So now there is another possibility builds up that it might break the upper trendline of the Rising wedge. so now we have 2 possibilities…

  • TATA STEEL TRADE SETUP

    Tata Steel has made a rising wedge on Daily chart with RSI 14 negative diversion. So if rising wedge breaks one can go short below 628 Target 615-605-595. Daily Chart are hereby for your reference  

  • DABUR – HEAD & SHOULDER PATTERN

    Dabur on daily charts has made a H&S pattern. So fall below 296 with heavy volumes can take price to test last highs of 288-284-280 levels. But as per H&S Pattern, Price should fall to 265-270 Levels. Keep a Track !!  

  • IDENTIFYING TRADE POSSIBILITY – EURJPY PAIR

    EURJPY TRADE SETUP – How to see the Trade possibility ? 1. Trend – Identification of the Trend – “UP or DOWN” Price is making Higher Highs and Higher Lows – Trend is “UP” Price is making Lower Highs and Lower Lows – Trend is “Down” Now you have 2 possibilities – (I) Contra Trade…

  • TRADE SETUP – RELIANCE INDUSTRIES

    SHORT TERM TRADE SETUP – “RELIANCE INDUSTRIES” Reliance Industries has made a rising wedge Pattern and also has negative divergence on RSI (14). Bearish Engulfing Candlestick Pattern at the Top also confirms that Bears are getting active. On Weekly Chart Price is perfectly moving into parallel Channel. Price has tested the Upper trend line of…

  • TRADE IDEA – SHORT S&P 500 INDEX

    S&P 500 has started showing some weakness. Charts are indicating some retracement to the level of 2440. Head & Shoulder Pattern formation clearly visible on Hourly Chart. Line Chart showing negative diversion on Daily Time frame. S&P 500 index perfectly moving in a channel and can test the lower trend line of the Channel.