Since 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 […]
Zinc – Another Trend Reversal attempt over the Long term Trend Read More »
IDBI 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
IDBI Bank – Downtrend Price action Structure is changing Read More »
For 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.
SBI Shares Price action – Failed Breakout and Mean reversion Structure Read More »
An Outlook on Lupin Share Prices and Market Structure In the beginning of 2018, Lupin Share prices tumbled from 950 to 750, that’s almost -22% declines in stock value. Later Bearish momentum declined, Price action unfolded into a sideways or Range bound market. Overall Market structure changed from down trend to Range in the month
Lupin Price Action – Trading around Structural Resistance zone Read More »
Copper prices rallied sharply from the beginning of June. International Spot prices jumped from 3.07 to 3.30, just in a matter of less than two weeks. It all started with the breakout on June 4th and unfolded into a sharp rally. It’s a typical market behavior to retrace or at least have a minor correction,
Copper Price action – Sharp Breakout and the possibility of Retracement Read More »