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Category Archives: Price action Technical analysis

PB Price action setup forms in the context where momentum is declining

Copper – Uptrend under Pressure and Momentum Declines

By Trading Predator October 27th, 2017 No Comments

Increasing selling pressure and declining momentum is a hurdle on Copper’s Uptrend. Prices rallied from 360 – 460 (based MCX Copper mini price value) in a span of 4 months. Technically it’s an intermediate uptrend from the perspective of Dow Theory. The trend is still intact in Copper prices, which began after the breakout in

Nifty PSU Bank Index - Price action rallied after recapitalization plan

PSU Banks – Price action shows the Optimism of Government Stimulus

By Trading Predator October 25th, 2017 No Comments

On pleasant Wednesday morning, when traders just started the day, markets took them to edge of their seat. Government owned banks rallied massively, NSE Nifty PSU Bank Index (Index composed of major PSU banks and tracks the overall performance of PSU Banking sector) soared 24% intraday. Bank Nifty Index, SBI, PNB, Bank of India and

Power Grid Share Prices reflects Trend termination on 5h chart. Based on Price action analysis

Power Grid Price action reflects Selling climax and Trend termination

By Trading Predator October 20th, 2017 No Comments

Power Grid Corporation of India Limited (NSE: PGRD) is a good bet for contrarian traders. Share prices tumbled from 225 – 199 in a span of last 3 months, which technically is an intermediate trend (Weeks to Months) as per Dow Theory. Fundamentally not much has changed with Power grid, the sell off is primarily

Keep an eye on the Price action and resistance zone in Crude Oil

Crude Oil Uptrend will get tested by Inventories and Resistance zone

By Trading Predator October 18th, 2017 No Comments

Declining dollar value and decreasing inventories caused crude oil prices to trend higher from 2740 to 3475 over the period of 5 months (June – Oct). Crude oil attracted bets of Institutions and Hedge funds with stellar performance. But in coming days, intermediate uptrend in crude Oil will get tested by rising inventories and potential