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TRADING ARTICLES

Gold Price action Technical analysis

Gold Traders should focus on Price action in Daily chart

By Trading Predator August 10th, 2016 No Comments

Gold continued to trade randomly so far in this week, following a drop on Friday due to better than expected US economic reports and momentum of US Dollar. Several times in previous articles, I emphasized the correlation between US economic status, Dollar and Gold. Investors, Traders should pay close attention to US because Gold prices

Infosys Technical analysis for Price action trading

Infosys – Is it a structural Pullback or steeper correction?

By Trading Predator August 8th, 2016 No Comments

Infosys started off the financial year on a tepid note, missing analyst estimates, report the profit estimations close to forecast and lowering the foreign revenue without guidance. Infosys Q1 profit falls 4.5% and cuts dollar FY17 Dollar revenue. Charts are reflecting the pessimist attitude in a crystal clear way. Price action broke the support zone

Crude oil Price action Technical analysis

Crude Oil Trading – Focus shifted back to Supply glut

By Trading Predator August 5th, 2016 No Comments

Oil Prices regained some momentum last two days after falling below $40 per barrel earlier this week. Oil was under pressure after market participants worried about global supply glut and economic condition of consumer nations. Prices rebound back above $40 as speculators attempted to balance consecutive declines and uncertainty. Profit taking and Liquidation is driving

Nifty Technical analysis

Nifty trading lower before GST Bill – Why is that?

By Trading Predator August 3rd, 2016 No Comments

Since the beginning of week, Selling pressure is dominating Nifty due to profit taking by Institutional traders ahead of GST bill and Upcoming macro factors. Even today markets continue to remain volatile and broader markets under performing overall. Market participants are pricing in the expectations and speculation about GST bill and major economic events that

ICICI Bank

ICICI Bank | Price action trading in a consolidation

By Trading Predator August 1st, 2016 No Comments

ICICI Bank stock prices fell 3.5% on last Friday was also one of the most active stocks on previous week. Price action is now trading in a range between 271.33 – 259.30. The bank’s net profit dropped 25% in June which is inline with estimations and forecast. Net profit for the quarter stood at 2,230