Sunday, September 7, 2014

Zinc Bearish pattern

Zinc Completed a Bearish Gartley Pattern at 145.3

If 146 not broken than 140 can again be seen.

Low risk high reward trade.


GOLD

Gold completed a Bullish Gartley at 1256$ range.

Unless this low holds can expect a huge rally in gold ahead.

As Gartley are strong Trend reversal pattern

Can bring huge upside momentum in near future.

Silver Ascending Triangle pattern

Silver Comex on Daily & weekly chart formed a descending triangle pattern.

Also multiple bottom formed at 18.5-19$ range.

This range provides good support till now.

A close below 18$ will open gates till 12$,

On contrary its near to breakout  above 20$ for nearest ressistance of 23$ &  above it 28$.


Tuesday, September 2, 2014

Bank Nifty Bearish ABCD

Bank Nifty completing a Bearish ABCD at 16175

If 16280 not broken than good down side can be witnessed in Short term.

Monday, September 1, 2014

Rel infra Bearish ABCD

Rel Infra is completing a Bearish ABCD pattern at 745 Level

Cmp-736

Short there for Good Down Move
 Rel infra break 700
Approx 50 point till now

L&T Bearish ABCD

L& T has completing a bearish ABCD pattern at 1585 level.

Shorts can initiate there

L&T keep sl 1615 closing basis