Got stopped out earlier. We are at trendline Lets see if we can bounce here. I am done for the day
Silver has retraced almost 80% of the move from around 17.55 to 20 Trying longs here around 17.99. SL 17.80 Deecent risk reward on fresh longs here
Silver short here around CMP 19.56. SL is yday's high (a bit far) For those trading with small stops the intra day high so far can be a stop
typical 5th wave behavior (of some degree) Fall below the core trend and wriggle up from below. If this is the right view, time to be very cautious here. Lots of froth
one of the few large cap stocks that is not overbought and has cooled off quite a bit from the highs around 1700 Worth adding to longs hereon.
We have a counter trend buy sigbal on USOIL 45 minutes chart. Has worked well in the past - some recent instances are highlighted. Do manage your stops (for me it would be around 80.75, CMP 81.35)
We were looking for a 5 wave completion (from 2250 ) in Siemens - see prior analysis. Stock went up to 3140 most likely completing a 5 waver and has since corrected down to today's low of 2890. 2880 or so is major support on siemens. Risk reward on near term shorts is not great I would think. Would expect a bounce before we get a good risk reward opportunity to...
Coal India is back to its major support on the renko 15 min timeframe This has been the supporting structure since mid july Watching for rally or trend break. Trend followers may take a small SL long
There are some contrarian buy signals with quite an oversold reading on RSI If we get the bounce 112-115 is a resistance zone
Silver is at a support level similar to the one we had spotted earlier (highlighted here) post which it gave a good move. Had suggested exits at 19.5 and near the top. It is showing some will to live but gold has been a drag. The risk reward at the earlier spot was better as we were anticipating a rally too. Will update on significant development
Clean uptrend on TVS. Too late to do anything here Just for illustration
ABB has gone parabolic. Some serious sell signals last couple of days Longs should sell. No shorts as parabolic move
Godrej Consumer is back in its buy zone Longs can be taken here for targets in the 950-1000 range
Asian Pts (CMP 3400) trading longs can be tried here. SL 3320 hourly close Issue is we might gap up tmw morning so will need to negotiate that
Risky longs here on NG futures around 8.18 Pls manage SL. I am using options. Quite oversold with positive divergence on RSI
Key supports are far away around 18.3. The likely operating trendline is shown here No trade zone. For the adventurous one the trendline is the decision maker
Crude has rallied from recent lows into what was the previous support and halted Can previous support turn into resistance - shorts can be tried here for a short term trade with a narrow SL according to appetitte
Exited silver longs yday (see prior analysis). Has bounced today from a support zone that has worked in the past. Pullbacks towards 17.9-18 can be used to look at longs with SL at day's low so far