Saturday, October 18, 2014

Copper

Copper after huge selloff from 423 range taken support at 404.5

Formed multiple bottom at 404.5 in smaller time frame.

This time I introduced Gann grid on this to track the trend.

Till Yellow line holds its Long for the red line as targets

Chart

Zinc at support

Zinc taken support at last bottom of 135.5-136 range.

Rsi also taken support at same level

If support helds than a good upmove can be witnessed.

Keep sl closing 4Hour bar below support atleast

Chart

Bajaj Auto

Bajaj Auto has made a double Top around 2450 level.

Oscillators showing -ve Divergence too.

Long now only above closing 2450 now, or near to trendline support.

Below trendline Shorts can be for nxt support around 2285-2300

Chart

Tata Steel

Tata Steel has formed a descending Triangle pattern.

A move past 460 closing atleast will lead to a good rally in near term

Oscillators showing good positive divergence.

Double Bottom at 437 level.

Here is Chart

Few Charts

Posting after long time.

Stopped due to lots of followers got losses in Harmonics due to unawareness of trading.

After that I fine tuned much,

Harmonics a wonderful study but its not a sure shot way to trade,

Just dispose a 2-5% of your Capital.

But I came to know few has Betted there whole capital on a single trade.

I am just trying to help for getting better trading ideas with the help of Technicals.

Again repeat never put more than 2-5% of capital on any trade.

Today posting few Charts here.