Clear M pattern near the top. Quick opportunity to short for about 0.67% dip. Risk to reward - 1:1
It looks bearish for the next couple of days. Lets see. Disclaimer - I am no expert/ advisor. Just sharing an observation.
Asian Paints seems to be repeating prior behavior. Shorting 3150 looks promising. Short at 3150 TP1 - 3000 TP2 - 2900 SL - 3250. Disclaimer - I am not a financial advisor. Just learning, experimenting and sharing my prediction. Take trades at your own risk.
US OIL is near its year long resistance. This could be a good opportunity to short. Lets wait for the resistance to sustain and observe the price action. What do you think? Just for educational purpose. I am learning and sharing my observations with the community for inputs and suggestions.
Britannia is close to its 12 month support. Provided it holds, there is a good potential for up-move. Risk to reward (1:4.5) is great.
Britannia seems to have convincingly broken the support and trend line. There seems to be another support around 4280. I am going to hold my BUY positions, in hope of early reversal and add more once there are signs of reversal around the support. Disclaimer this is my personal view for education purpose only.
NATGAS is trading in a declining wedge since Nov 2019. Also on the shorter time scale its showing bearish trend as can be seen on the chart. Seems like its about time for it to break out of both. Here's my trade setup- Wait for close above 1.834 on the daily chart Buy on retracement at 1.73 Entry 1.73 SL 1.434 TP1 2.027 TP2 2.244 The trade would be invalidated...
USOIL nearing channel bottom.' Buy opportunity near the support. Entry: 69.08 SL: 66.92 T: 76.86 RR: 3.6