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GOLD COMEX LOOKS WEAK ON DAILY CHARTS

2024-11-08T12:10:00.002+05:30

GOLD COMEX:

Spot Gold CMX Took Resistance around Rising Channel Resistance around 2710-2700$. Previously these levels were acting as support, now the Support is acting as Resistance. As we already mentioned Till Gold Comex Closed above 2710 We will not eye for any long Position, And now expecting Correction in GOLD COMEX and GOLD MCX from Current Levels of 2686, Those looking to take fresh position can initiate short position in GOLD and Hold Shorts with Stoploss for 2710$ in closing basis on hourly charts i.e. Till GOLD CMX Closes above 2710$ one can hold Short positions in GOLD.

GOLD COMEX SHORT TERM OUTLOOK

2024-10-31T18:37:00.006+05:30

GOLD STOP COMEX 30TH NOV

GOLD CMX FUTURE OUTLOOK:

Gold CMX in short team is trading in a Perfect Rising Channel Pattern, Channel Resistance is at 2803-2812$, and before Important Data Release Gold CMX has Seen smart Rally and we expect some amount of profit booking from resistance levels of 2800-2810$. Those Holding Long Positions should once book profits in GOLD CMX and MCX near 2800$ and Those holding short position should place Stoploss above 2820$.

This week Important U.S. Data's are yet to be released

30th Oct: GDP Growth Rate QoQ 6Pm.

31st Oct: Personal Spending MoM 6Pm, Personal Income MoM 6Pm, and Core PCE Price Index MoM 6Pm.

01st Nov: ISM Manufacturing PMI 5.30Pm, Unemployment Rate 6Pm, Non Farm Payrolls 6Pm.

BANK NIFTY OUTLOOK MAY 2024

2024-05-08T18:39:00.008+05:30

BANK NIFTY:

Trading in Rising Wedge Pattern, Currently for the May 2024 Series Stiff Resistance seen at 50200 Levels, Till Bank Nifty Closes above 50200 One should be take long positions on the banking stocks and Bank nifty. On the lower Side Support is seen 47100-47250 Level. Till Bank nifty closes below 47250 Long term investors should continue to Hold banking stocks.

Kotak Bank View and Analysis

2022-08-19T10:14:00.003+05:30

TATASTEEL Bullish View, Check The Analysis now

2022-08-12T10:02:00.004+05:30

TATASTEEL Looks Bullish by JustProfitPlay on TradingView.com

Axis Bank Fresh Breakout

2022-08-08T15:04:00.002+05:30

Axis Bank has Seen fresh breakout of Consolidation I am Buying Axis bank Future August around CMP 742 with Stoploss of 729 And Targets Expected are 772 Reason To Buy Axis bank: # Ascending Triangle Pattern Breakout # Bank Sector and Pvt Banking Looking Bullish # Stock Trading above 20,50,100,200 EMA

AXISBANK Fresh Breakout by JustProfitPlay on TradingView.com

How to Select Stock For Intraday Trading.

2021-08-15T12:18:00.002+05:30

SECRET SAUCE FOR INTRADAY MARKET

Video Highlights

1. How to Select Stocks for Intraday.

2. Which Stock has Great Potential to Move in Intraday.

3. How to Keep Watch on Overall Market.

4. Which Indices to Track.

5. How to Plan your Trading.

GOLD TREND and ANALYSIS (March 2021)

2021-03-05T19:29:00.002+05:30

Gold Comex is trading near channel support levels of 1680-1690$ One can Go Long at these levels, Also its trading at 20 Months average of 1691$ per ounce. We may see commodity resuming its uptrend.

https://in.tradingview.com/chart/GOLD/pYHrKmd5-GOLD-Near-Support-Levels/

NIFTY View For Month of DEC-2020

2020-11-25T10:55:00.001+05:30

Nifty (Spot/ Cash) Trading at the Higher end of the Rising Wedge. As marked with Red and Green Arrows in the chart below.

We can see some profit booking in Nifty From here. From here we may see some correction in the market. Bullish if closes above 13200 in the spot, If closes above 13200 we may see rally upto 13500. Till then Stay on the short side with SL 13200 for targets of 12800.

CHANA NCDEX Short Term Views

2020-09-23T18:19:00.004+05:30

#CHANA NCDEX (23-Sept-2020)

🟢In the month of August 2017 Touched High of 6428 and in month of June 2018 Touched Low of 3245 Correction of 3183 Points

🟢 When Fibonacci Series (Read on Google to Read more for Fibonacci Series) is placed on from High to low (6428 to 3245)

🟢 See from the attached Chart CHANA Has crossed 61.8% Fibonacci levels @ 5212 (Short Term Support)

🟢 Fibonacci 50% Level @ 4836.5 will act as strong Support for CHANA from here.

🟢 Now the levels for upside up to 78.6% i.e. @ 5746 is open. Once Sustains above 5212 for 1-2 Weeks We can see Another leg of rally from here.

🟢 Note that Best buying levels for long term i.e. 3-6 Months are 4836.50-4900.

Nifty Short Term View (22-Sept-2020)

2020-09-22T12:38:00.003+05:30

NIFTY ON 22-SEPT-2020 On the short term basis Trading at support Levels, Till Nifty Future Hold levels of 11090, One Can See some buying in the Market and Nifty Fut Can Head Towards 11250-11300 Levels.

Once Nifty Future Closes below 11080 We may see sharp correction in the Index future, So As per the Technical Chart Structure Today low 11103 may act as make or break levels. Keep A close watch on the Index moves.

This Post is for Educational purpose, Kindly consult to your Financial adviser before taking any buy or sell decision.

GRASIM INDUSTRIES WEEKLY BREAKOUT

2020-09-12T00:49:00.001+05:30

Grasim Industries on the weekly chart closed above Falling Channel Pattern resistance, Stock is likely to head towards higher levels in the next few trading sessions. One can initiate long position in Grasim with Stop loss of 650 on closing basis. We can Expect Targets of 850-900

This post is for educational purpose, consult to your financial adviser before taking any buy or sell decision.

Will SILVER Head towards Higher Levels from 50500 levels ??

2020-06-01T11:23:00.000+05:30

SILVER MCX

SILVER MCX has seen Fresh Breakout above 49300, sharp up move has been seen in the SILVER MCX once it broke 49300 on the last Friday Trading session,

Now these levels around 49300-49500 will act as support for the SILVER, on the upside Resistance is seen around 51500 levels, Fresh up move will be seen only once SILVER MCX sustains above 51500 levels.

Strategy: Go Long in SILVER MCX Around Support Levels 49300- 49400 Levels on correction for the Targets of 51500- 53500 with the stoploss placed below 48300

SILVER COMEX

SILVER COMEX has support Zone of 17.55$ to 17.45$ As marked with the Zone in the Chart and on the Upside 18.50$ is the Resistance zone.

As the Trend is Up we may also see Silver Breaking the Upside Resistance of 18.50$ once Sustains and closes above 18.50$ we may see further upside in the SILVER COMEX

GOLD MCX JUNE 2020 PREDICTION

2020-06-01T11:14:00.002+05:30

GOLD MCX

GOLD MCX trading around resistance levels of 46950 and if GOLD MCX sustains above 46950 we may see upside in the GOLD MCX and It can again head towards levels of 48000- 50000 in the coming days.

If GOLD MCX do not sustains above levels of 46950- 47050 We may see Gold MCX again heading towards channel support levels of 45600-45500.

Strategy to Play: So right now we are trading at make or break levels which should be played on the long side with small stoploss and once Stoploss is hit one can reverse the position to short.

GOLD COMEX

GOLD COMEX is trading in Rising Wedge Technical Pattern (Marked with Blue Lines in the chart Above) Support Zone for the GOLD COMEX is 1725- 1735$ Per Ounce.

One can Buy with Targets of 1772 $ and Stop loss Below 1710$.

You Can Use These Levels to Play GOLD MCX MINI (Take you Own Decision and Analyse you Risk Capacity Before Entering into position)

Is Best Buying Levels to Invest in Indian Stock Markets are Around the Corners?

2020-03-24T13:08:00.000+05:30

Is Best Buying Levels to Invest in Indian Stock Markets are Around the Corners?

Nifty Spot touched lows of 2252.75 in October 2008 Crash (U.S. Subprime Crises) And touched the highs of 12430.50 in Jan-2020 (Modi 2.0) - Seen rally of massive 10177.75 points

When we calculate 50% of this 10177.75 Points it come out to be 5088 Points And till today (24-March-2020) Nifty has corrected 4919.4 Points from highs of 12430.50 and Hits low of 7511.10. As per Fibonacci Series 61.8% Extreme Levels comes out to be 6140.65 (Click to read more about Fibonacci numbers : Fibonacci Retracement)

So, for investors its suggested to invest in Top 10 Nifty50 Blue-chip stocks as per the Nifty Spot Level. Invest in 3 Parts- First Part When Nifty Is near 7350- 7550 Levels (50% correction of 10177.75 Points). Second Part when we see further correction around 6150- 6350 Levels (61.8% correction of 10177.75 Points) and Third-Part Hold As cash in your portfolio as per the strategy for the risk management for the extreme levels when market enters depression.

As of now global markets are in fear and no one is suggesting buying so as per the rule of investing these are the best time for long term investments. It’s also said buy when everyone is bearish and Sell when everyone is bullish.

Invest in Top 10 Market Capitalization Companies of Indian Stock Markets:

Crude Oil NYMEX ?? Is it Right time to buy Crude, Below is the Answer:

2020-03-18T17:28:00.000+05:30

Sharp sell off has been across the globe and one of the beaten down consumable commodity is CRUDEOIL, As per the technical study and pattern, structure of NYMEX Crude is trading descending triangle. Currently trading near 25$ Per barrel and it can bottom out between 24$ to 22$.

Buying CRUDEOIL on MCX exchange when NYMEX trades between 24- 22$ provides comfort as far as risk and reward rations are concerned.

Recommendation: One can go Long on Crude oil when NYMEX Prices trades between 22-24$ With Stoplosss 19.50$ and Targets of 35-40$ in the next few months.

#crudeoil #crude #commodity #trading #oil #mcx

Which is the best momentum indicator for stock market trading?

2019-10-07T16:49:00.000+05:30

Which is the best momentum indicator for stock market trading?

Here I am Gonna Revile you superb strategy to Trade using momentum Indicators in Stocks. Read it carefully and paper trade using strategy before actual trades.

There are many momentum Indicators used in Technical Analysis and you can not pin point any one to be performing or under performing. Before Using any momentum indicator you need to have a Strategy to Scan the market i.e you need to filter market using some parameters like:

Open=High
Open=Low
Bullish Engulfing on Daily Chart.
Bearish Engulfing on Daily Chart.
News in Stocks.
Volume Shockers Stocks
Gap Up Or Gap Down Stocks.

Personally I look for Gap up and Gap Down in stocks due to news and then Place them in the trading terminal. Then comes the use of momentum indicators.

Once you find some breakout or breakdown on higher time frame (weekly and Daily charts) Due to the news then you try to trade those stocks using momentum indicators like: Awesome oscillator , RSI, MACD, ADX, Exponential Moving Averages Etc.

Today: ZEEL and HDFCBANK was in news How you can have traded both Stocks using momentum indicators Awesome Oscillator and RSI

Example 1: HDFCBANK

In the the above HDFCBANK 5 mins Chart (07-Oct-2019) you can See that Stock broke the Support levels- Marked with Red Horizontal Line with All Momentum Indicator supporting the Stock i.e. AO was Trading below Zero, RSI was Crossing 40 Levels. So you can confidently take a trade in the script.

Example 2: ZEEL

In the the Above ZEEL 5 mins Chart (07-Oct-2019) you can See that Stock broke the Resistance levels of Rising Wedge Pattern- Marked with Red Lines with All Momentum Indicator supporting the Stock i.e. AO was Trading below Zero, RSI was Crossing 40 Levels. So you can confidently take a trade in the script.

If you like the strategy and want to follow our live trades you can follow us on Telegram Channel ProfitPlay. Get Free Calls in Future Segment

At the current price levels, is INDUSINDBK a good buy for the long term? Why or why not?

2019-10-06T21:00:00.001+05:30

At the current price levels, is INDUSINDBK a good buy for the long term? Why or why not?

Market Outlook:

Markets seems be over valued at this point of time, Upside in the market is very limited and from here we can see correction in overall market and Bank nifty. Nifty since it made low in 2008 without any major correction at made Highs around 12k mark. There are business and market cycles and hence I personally suggest you to sit on cash and start picking good Mid Cap stocks rather the investing in front line. Indian Banking System seems to be suffering huge from Defaults and NPA'S.

TECHNICAL OUTLOOK:

IndusindBank has seen huge rally since Year 2010, Stock has seen No Major correction till Date in the Last 9 years, As there is pressure on Indian Banking Index, So we can see Fresh short coming below 1150 Levels. In the Chart Attached below We have shown, Stock has broken 240 Weeks Trend line Support and Trading near to Support zone, If stock does not hold support levels of 1150- 1180 then we may see Stock crashing from here.

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Get Free Calls in Future Segment Where there is no Advertisement, No Promotion on our channel. Lets Learn and Earn together.

How do I enhance the accuracy of RSI while trading intraday?

2019-10-06T19:45:00.002+05:30

How do I enhance the accuracy of RSI while trading intraday?

No indicator can enhance your accuracy for Trade.

Default setting for RSI is 80–20 i.e. Above 80 RSI is said to be overbought & below 20 mark RSI is said to be oversold.

But when you apply RSI to Nifty or Stock Chart you may see that there are many occasion where you get trapped, when RSI is above 80 Nifty Gets more momentum and head towards higher levels.

So I suggest you to Use following Setup to enhance your accuracy in Intraday:

Step 1: Change to RSI default settings to 60–40 (Buy Above 60 Levels and Sell below 40 Levels)

Step 2: Place Parabolic Sar (PSAR) to Chart.

Step 3: Place MACD Histrogram

Step 4: Chance Intraday Time to 15 Min

For BUY SIGNAL: RSI Should should be crossing 60 above Levels and Parabolic Sar (PSAR) Should be Green or below Current Price and MACD Histogram Should be Above zero line. If 3 Condition Fulfills then Buy.

For SELL SIGNAL: RSI Should should be crossing Below 40 above Levels and Parabolic Sar (PSAR) Should be Red or Above Current Price and MACD Histogram Should be below zero line. If 3 Condition Fulfills then Sell.

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Get Free Future Segment Calls with proper hedge, Lets maximize our profits together. No Marketing no Ads on our Channel, Just True Research and Learning.

How Can I Master Trading in Stocks and Commodities?

2019-10-02T19:47:00.000+05:30

How Can I Master Trading in Stocks and Commodities?

Mastering Technical Analysis is not too easy and not too tough. You need to Train your eyes and master any one patter you love to trade. There are many techniques and methods to trade but I would suggest you to trade manually not via algo. Learn the basis of Technical Analysis and then follow the steps mentioed below:

First Step: Stock Scannig
You need to have a scanner to scan the market i.e. which stocks you want to trade Top Gainer and looser, Volume shockers, Intraday Recovery Stocks, Open Interest Gainer Looser etc.

Second Step: Time Frame and Charting Tool
You need to choose time frame on which you what to trade i.e. Hourly Chart, 15 Min Chart, 5 min Chart or 1 min Chart. This depends on your trading style. I personally Trade on multiple time frame i.e. looking at multiple time frame in one go or one screen. For this you need best charting tools and I would suggest you to use Sharekhan's Trade Tiger or Fyers securities i-dart both are desktop application with many in built scanner which are very helpful for beginners.

Third Step: Money Management, Position Sizing, Trade Management and Accuracy:
You need to master money management i.e. always have a stop-loss while trading and need to have a good risk to reward ratio. Then comes position Sizing where you need to decide how much quantity or lots to trade depending on your PROFIT AND LOSS or you risk capacity. Then comes Trade Management where you can have fixed targets or you may have Trailing stop-loss technique. Always start with half quantity and add quantity when you are winning the trade and keep trailing the Stop loss till your desired profit is reached. Then comes accuracy, be accurate in picking the right stock and right moves this will increase you chance to gaining and earning from Trading.

GOLD COMEX VIEW AUGUST 2019

2019-08-07T15:12:00.001+05:30

GOLD COMEX seems to be heading towards 1600$ per ounce in the near term, Now Equity as an asset class seems to be under performing and Gold after a huge consolidation is best asset class to invest in.

CANARA BANK BREAKDOWN VIEWS

2019-07-23T13:11:00.000+05:30

#CANARABANK #BREAKDOWN #TECHNICALS #PSUBANK #HEDGE

Fresh breakdown seen in CANARA BANK, Stock today (23-July-2019) broke trend line support levels. On the downside Support seen at 240 levels now.

Short position can be initiated in CANBK Future @ 260 Levels with Buying CANBK 260 JULY Call Option @ 5.10

(MAX RISK: RS. 10000 Per Lot)

This is Just For Educational Purpose, Always consult to expect before initiation any position.

NSE PUSBANK INDEX - BREAKDOWN & SHORT TERM VIEW

2019-07-23T12:42:00.003+05:30

Fresh breakdown has been seen in NSE PSUBANK INDEX, SBI leading with fresh breakdown below 346, If sustains below 346 Stock may witness further correction.

Coal India Short Term Target Price @ 290

2017-07-23T11:29:00.000+05:30

Coal India has seen a Turn around from the Bottoms and we see stock heading towards higher Levels. In the Last Trading session Stock has seen Short covering and delivery Volumes and Trading Volumes had surged with significant increase in price, We See Stock to Head towards 290 Levels from 250-260 levels, We Recommend to Buy Stock With stoploss of 245 for target Price of 290

Nifty Future Trading Sideways in the June 2017 Series

2017-06-17T12:38:00.000+05:30

Nifty Future Trading Sideways in the June 2017 Series, India VXI Volatility Index is towards Lows, We Suggest to Wait for Clear Signals of Trend, If Nifty Hold Levels @ 9500- 9530 The Up Trend May Resume, Any Break down below 9500 can drag nifty towards lower levels @ 9300