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Tag Archives: Support and resistance

Repeating Price Action in Reliance communications Share prices on Daily chart

Reliance Communications – Insights of Repeating Price action

By Trading Predator May 18th, 2018 No Comments

Whoever have said that Markets are efficient haven’t lived a single day as a Trader. People who think technical analysis doesn’t work must look at Reliance communications daily chart now. Price action is repeating a similar type of behavior we saw during Dec 2017. Recent jump in share prices might have surprised many market participants

Natural Gas - Price Action in 4h chart reveals short term uptrend

Natural Gas – Traders should focus on the Short term Uptrend

By Trading Predator May 17th, 2018 No Comments

Here’s the Recent Price action Analysis of Natural Gas on 4h chart. In earlier content I updated about long-term outlook of Natural gas based on weekly chart. This time, the focus is on short-term outlook. Since April, Prices are trending higher. MCX Natural gas prices rose from 166 to 196 within a period of 2

False Breakout and Gap Down reflects the Panic mindset of Investors

Federal Bank Price action – Panic Mindset of Market Participants

By Trading Predator May 11th, 2018 No Comments

Federal Bank Share prices fell sharply in last two trading sessions. General Market psychology is indicating Panic Mindset of Market participants. We saw the same kind of Market behavior on other stocks recently. For e.g. Indigo Share prices tumbled heavily after poor Quarterly results. Now Federal Bank is following same route, 4h chart clearly shows

Consolidation after an Upswing, Traders should focus on the Price Action

ICICI Bank Price action – Focus on the Minor Consolidation

By Trading Predator May 8th, 2018 No Comments

ICICI Bank Share prices are undergoing major structural changes. From Feb to April, Market was in downtrend. In Mid-April, prices broke the key support zone at 275, but later bounced back with strong momentum. This movement acted as a precursor of changing market sentiment. I have already pointed out these developments in earlier article. Here’s

Gold Price action in Range and testing the Support zone

Gold Price Action – Trading near Important Support zone

By Trading Predator May 2nd, 2018 No Comments

Since Jan, there’s not much change in Gold Prices. Market structure is still in Range. Prices are trading within the borders of structural support and resistance zone. Structural Support zone is at 1310 – 1305 whereas Structural resistance is at 1360 – 1357. A combination of Dollar strength and selling pressure is influencing Gold’s Price