TRADING ARTICLES
Bank Nifty shows diverging price action and Momentum of the Trend
By Trading Predator August 17th, 2018 No CommentsThe sentiment in Bank Nifty might change in coming weeks as Bank Nifty shows a wide divergence between bank nifty and Momentum. Index prices are making higher highs whereas momentum measured by MACD is stagnating without any direction. It’s a representation that trend is getting weak. As a rule of thumb, momentum must precede price
ICICI Bank – Climax Movement in Share Prices
By Trading Predator August 10th, 2018 No CommentsWhen we look at the Daily chart of ICICI Bank, it’s pretty obvious to witness a strong rally from 260 to 330, that started on July 16 and persisting till to date. In the vocabulary of Richard Wyckoff and Price action Traders, these type of moves are referred as buying climax (when price shoots upward),
Zinc – Another Trend Reversal attempt over the Long term Trend
By Trading Predator August 2nd, 2018 No CommentsSince the month of June, most of the base metals are having a bad time. The MCX benchmark metals such as Copper, Aluminium, Lead, and Nickel tumbled from the Highs. On the other hand, Zinc lost the shine and dropped to multi month low. It’s the worst performing non – ferrous metal so far this
IDBI Bank – Downtrend Price action Structure is changing
By Trading Predator July 12th, 2018 No CommentsIDBI Bank Share prices are in Intermediate Downtrend. The trend is persisting for almost 5 months, hence based on the duration we can refer it as “Intermediate trend”. Like other Public sector banks, IDBI stock prices are very volatile, making it subtle to spot trading opportunities in lower timeframe. But in Daily chart the trend
SBI Shares Price action – Failed Breakout and Mean reversion Structure
By Trading Predator June 15th, 2018 No CommentsFor almost 8 months, SBI Share prices are trading in a narrow Sideways Market condition also referred as Mean Reversion. A structure in which Range bound strategies and non – directional volatility techniques works out well. Average mean value of the Stock is 300; prices are constantly fluctuating up and down within this mean value.
