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Category Archives: Price action Technical analysis

Tata consultancy service

Tata Consultancy services | Price action reacts to Q1 estimate

By Trading Predator July 15th, 2016 No Comments

TCS reported a net profit of 6,317 crore in the first quarter of the financial year 2016-17. Price action made consecutive highs few days before the announcement. It’s a perfect example of market dynamics discounting fundamental reports and events. The average consensus estimate was 6,059 crore and company announced interim dividend Rs. 6.5 per equity

Indian jeweller stock prices

Indian Jewellery share prices jump after government’s revision

By Trading Predator July 14th, 2016 No Comments

Shares of Indian Jewellery makers jump after Central government reconsidered the rules for claiming tax on gold jewellery sales. As per modification and new rules, Jewellers with turnover up to Rs.15 crore ($2.24 million) is excluded from excise duty. Jewellers conducted strike for six consecutive weeks after govt imposed 1% excise duty on Gold jewellery

USD-INR Technical analysis

USD/INR | Monitor the breakout at 67.10

By Trading Predator July 13th, 2016 No Comments

Indian Rupee fell to 68.75 a dollar in February, near an all time low of 68.84. After Indian government’s budget announcement which helped revive investor confidence in local assets made prices rally 2.4 percent since then. In the perspective of trade mark exchange rate USD/INR, the currency pair has broke out and retesting the support

Silver

Silver Technical analysis – Price action consolidating at resistance level

By Trading Predator July 12th, 2016 No Comments

The symmetrical relationship between gold and silver continues as Silver’s behavior is following the structure of gold. So far 2016 is a wild ride for precious metals, while other safe heaven assets such as Yen and Government bonds taking cues from the metals. Global economic, geopolitical uncertainties are influencing market sentiment and Investors appetite for

Nifty Ended with a positive close

Nifty Technical analysis – Is it a breakout or not?

By Trading Predator July 9th, 2016 No Comments

Through week Nifty traded in a cautious mood due to dismal global cues and depended market sentiment. Price action broke the 8300 level although in a negative bias. Trading witnessed range bound movement as investors stayed put from making fresh positions. An actual question facing the speculator is to decide whether it’s a breakout at