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Tag Archives: Retracement

Price Action shows the possibility of a Retracement due to the breakout

Copper Price action – Sharp Breakout and the possibility of Retracement

By Trading Predator June 12th, 2018 No Comments

Copper prices rallied sharply from the beginning of June. International Spot prices jumped from 3.07 to 3.30, just in a matter of less than two weeks. It all started with the breakout on June 4th and unfolded into a sharp rally. It’s a typical market behavior to retrace or at least have a minor correction,

Axis Bank - Will the uptrend continue or reverse

Axis Bank – Is it a New Uptrend or Temporary fluctuation?

By Trading Predator March 8th, 2017 No Comments

Axis Bank share prices are making higher highs. We are seeing a correction or retracement above 500.00 (a notable psychological round number and key level). Well previous retracements which tested the trend resulted in trend continuation – Will the same happens this time? Since the beginning of this year, Investors are quite optimistic on this

Reliance Industries Price action technical analysis

Reliance Industries – Is it Markdown or technical correction?

By Trading Predator May 30th, 2016 No Comments

Reliance is one of the most active stocks from last couple of days. When relatively compared with Nifty, the price action of Reliance is quite odd – frequently converging and diverging back and forth with the index. From the perspective of News events Reliance Industry’s plan to drill 21 wells in four offshore will impact

Silver

Silver – Is Price action forming Retracement or termination ?

By Trading Predator May 23rd, 2016 No Comments

Base metals are the talk of the town for this year. So Far, silver is following footsteps of Gold as Price action is trading within corrective market structure. Intermediate trend is still intact within the Markup phase. US Economic head winds, FED, Global demand are the prime movers influencing the investor sentiment. Recent Price action