Last Week we discussed Trading using Stochastic This week we will focus on learning new Indicator Force Index. Introduction The Force Index is developed by Trading for a Living fame author Alexander Elder , is an oscillator that measures the force of bulls behind particular market rallies and of bears behind every market correction.According to Elder, there… Read More »
NSE Trading Holidays NSE Clearing Holidays
15 April is the largest one day decline from the previous day’s close @ -9.6%. Volume is already north of 530,000 There have been three rounds of liquidations. Asian liquidation European liquidation US liquidation phase . You are witnessing an historical selling climax folks. Another trigger for selling is CME Hikes Gold, Silver Margins By… Read More »
Gold,Silver continued with their Sell off which started on Friday after breaking 2 year support of 1526$ and 26$ respectively. Commodities are feeling the pressure from the latest round of disappointing data from China. China earlier reported that its quarterly domestic product rose 7.7%, while its industrial production grew 8.9% – both figures missed forecasts.… Read More »
Gold Silver has seen the biggest 2 day decline in recent history. Many traders have lost big money. As per estimate 80-90% of commodity traders lose money and only 10% are able to earn money on consistent basis. This statistics are dismal for someone who wants to venture into trading commodities. Fortunately, many of the… Read More »
As discussed on 10 Apr Gold technical analysis Gold is trading near the upper resistance zone 1588-1590$. Unable to break the 1590$ pullback till 1560-62 should be expected which it did the same day. Today after retail sales unexpectedly dropped commodities are having sell off. Also as per Gold technical analysis before crucial Jobs data we clearly… Read More »
As discussed on 10 Apr Gold technical analysis Gold is trading near the upper resistance zone 1588-1590$. Unable to break the 1590$ pullback till 1560-62 should be expected which it did the same day. Today after retail sales unexpectedly dropped commodities are having sell off. Also as per Gold technical analysis before crucial Jobs data we clearly… Read More »
HDFC HDFC is forming a descending triangle formation which gets activated below 750, Stock was unable to cross its falling resistance line in past 2 days. Stock has also formed an Inside Day candlestick pattern showing explosive move is round the corner. Buy above 768.5 Tgt 775,782 and 788 SL 763.5 Sell below 759 Tgt… Read More »
As discussed on 5 Apr Gold technical analysis before crucial Jobs data Gold bounced from 1540 odd levels and achieved all target on upside. After rally on Friday gold went into consolidation phase in past 2 days. Lets analyse whats in store for today. Gold Hourly Chart Gold 4 Hour chart with Fibo regression channels,is… Read More »
PNB PNB has broken its demand zone with volumes in today’s trading session,stock took support at medium term falling trendline breaking the low of 687 will make the stock correct to next demand zone of 665-660 range. Sell below 687 Tgt 680,675 and 667 Sl 690 Buy above 699 Tgt 703,709 and 715 SL 695… Read More »