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TRADING ARTICLES

ICICI Bank

ICICI Bank | A trading setup to watch for swing trading

By Trading Predator August 13th, 2016 No Comments

ICICI Bank share prices are under performing nifty from past one year. Now the price action is totally different from Nifty. Share prices fell from 270.00-240.00 between end of July and beginning of August. Weakness in Asset quality and earnings, rising NPA are main reasons behind the sell off. Due to recent turmoil in banking

Crude oil Price action Technical analysis

MCX Crude Oil bounced after touching 2615.00-what’s next?

By Trading Predator August 12th, 2016 No Comments

Crude Oil was trading in an optimistic sentiment after IEA forecasted that markets would balance and stabilize in coming months. MCX crude oil bounced back after touching 2615.00, a previous support level on the month of May 2016. Current structure shows possibility of a Pullback pattern, yet there are circumstances where pullback can result in

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