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Tag Archives: Support and resistance

Gold Price action Consolidating below the multi month resistance zone

MCX Gold Price action – Brief Consolidation near Resistance zone

By Trading Predator March 8th, 2018 No Comments

After testing the multi month resistance zone at 1370 – 1360, (I have pointed many times in previous articles that support and resistance are zones, not levels) Gold Price action is consolidating briefly near that resistance zone since the beginning of Feb 2018. Though Prices are tumbling down, both bulls and bears are in a

Reliance Shares - Price action trading in a range

Reliance Price action – Range continuation or Breakout ?

By Trading Predator February 28th, 2018 No Comments

Reliance is one of the very few blue chip companies where trends are quite predictable, easy to spot and analyse. Since from Nov 2017, Price action is trading roughly within a range of 100 points (970 – 870). It’s quite easy to see the range structure in Daily chart, respective key levels are – support

Gold Price action struck in the Range, creating frustration for speculators and traders

Gold – Frustration for Traders, Prices still struck in the Range

By Trading Predator November 23rd, 2017 No Comments

As we inch closer to end of the year, (Of course still couple of weeks left) Gold (Also silver) hasn’t moved much compared to base metals such as copper, aluminum and zinc etc.In beginning of the year, we saw sharp upswings from 27000 to 29400, apart from that gold hasn’t given any outshining performance! Gold

Price action Breakout and Trending Higher

Tata Global Beverages – Consider two important points before you Trade

By Trading Predator November 18th, 2017 No Comments

Tata Global Beverages (NSE: TAGL) subsidiary of Tata Group and world’s largest manufacturer, distributor of tea and major producer of Coffee is showing some bright signs of Improvement. 2017 was a solid year for the company; Share prices rallied from 120 to 250 per share, so far it has outperformed not only nifty, but also

Volatile Price action and Side ways market in Natural gas

Volatility, Sharp swings, sideways price action persist in Natural gas

By Trading Predator November 3rd, 2017 No Comments

So far this year, Natural Gas is trading like a sluggish commodity in the overall energy segment. Though it’s positively correlated with Crude oil in terms of historical trends (based on intermarket relationships), extent of price swings are more volatile this time, when compared to crude oil. Just look at the price swings, isn’t it