tag:blogger.com,1999:blog-85661895827995934172024-03-19T12:00:11.799-07:00Its All About trading : Chirag KabaniLooking to trade setups , using Technical Analysis as Main tool Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.comBlogger103125tag:blogger.com,1999:blog-8566189582799593417.post-86898397222205479542017-05-26T10:27:00.005-07:002017-05-26T10:28:52.342-07:00Nifty 200 at imp resistance Zone <div dir="ltr" style="text-align: left;" trbidi="on">
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Chirag Kabanihttp://www.blogger.com/profile/10325372992115192348noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-19431645260205683292013-10-18T23:37:00.000-07:002013-10-18T23:37:40.898-07:00Nickel Weekly update <div dir="ltr" style="text-align: left;" trbidi="on">
<b>Nickel Prices have been consolidating in small range for last two weeks , after hammer formed two weeks , the low hasn't been breached yet and prices continued to Consolidate . with positive engulfing candle last week , expecting a bounce now till the level of 900/921 , once the prices are able to sustain above immediate resistance of 875</b><br />
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Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-16079149046999138932013-08-20T09:40:00.000-07:002013-08-20T09:40:56.034-07:00Gold setting stage for a Possible Large downside correction <div dir="ltr" style="text-align: left;" trbidi="on">
Gold prices show a clear 5 down from top of 32780 levels and than bounced back sharply now facing Resistance at 78.2 RT fib . the RSI is also at imp resistance . Medium term if we see a possible zig zag 5-3-5 correction we could be headed as low as 23000 again --- please ignore the current week candle which looks like doji as Snap take mid week<br />
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<tr><td class="tr-caption" style="text-align: center;">MCX Gold Weekly </td></tr>
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Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-61664771630062797642012-10-02T01:55:00.001-07:002012-10-02T01:55:41.787-07:00Copper medium term view <div dir="ltr" style="text-align: left;" trbidi="on">
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Copper Medium term view LME : Cmp 8350</div>
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A)<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span>Pattern view: Possible Head & shoulder with a small head & shoulder In right Shoulder – A bearish pattern starting to Unfold</div>
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Copper has been forming a head Shoulder pattern on weekly charts With left shoulder formed between July2009--Jun2010</div>
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And Head Formation From june 2010-- Sep2011</div>
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& right Shoulder From Sep2011 to current away , Interesting to Know is each Shoulder--head-shoulder has roughly taken anywhere between 50-54 weeks interesting on time cycle with The neck Line at 6800</div>
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Looking at short term charts the right shoulder is also Developing into a smaller head & shoulder pattern With each time taking of roughly 16 weeks The Neckline is Currently at 7500 and immediate upside Resistance is at 8600</div>
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So till weekly prices Are not able to Close above 8600 levels and We See a Fall back below 7300 , first The bearish indications will play for downside targets of 6400 level , Which would be Roughly near the Neckline of The larger head & shoulder</div>
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The wave counts also Suggest that we are in corrective down trend in medium term with the larger C wave starting to Unfold with Possible targets of 6200, To see Complete wave counts plz find attached chart</div>
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Hence on upside the potential upside as if now is range of 4-10 % with many important resistance on the way and probabilities of heading down for a correction of 25 + % is getting higher in next 12—18 Months</div>
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The above reco would be negated if we have a Weekly close above 9200 Lme</div>
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Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com1tag:blogger.com,1999:blog-8566189582799593417.post-24226002469913737502012-01-14T00:06:00.000-08:002012-01-14T00:06:15.892-08:00Natural Gas medium term Update -- Supports & Resistance<div dir="ltr" style="text-align: left;" trbidi="on"><br />
<div class="yiv1146545938MsoNormal" style="background-color: white; font-family: 'times new roman', 'new york', times, serif; font-size: 19px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: -webkit-auto;">Natural gas Started the Last leg of Major downfall From 4.954 in month of may Falling more than 45 % currenty trading at 2.71 $ , the Complete Downfall Looks like a clear 5 wave structure where at this point of time we are in v of 5 of C ,</div><div class="yiv1146545938MsoNormal" style="background-color: white; font-family: 'times new roman', 'new york', times, serif; font-size: 19px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: -webkit-auto;">The possible pattern targets where Natrual gas Could find support <span style="color: red;">is Currently at 2.55 $ (wave 5 = 1.618% of wave 1) , The Complete downfall is in a Clear Downward Channel Which has important channel support at 2.62--2.65 $ zone $</span></div><div class="yiv1146545938MsoNormal" id="yui_3_2_0_1_1326528166120110" style="background-color: white; font-family: 'times new roman', 'new york', times, serif; font-size: 19px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: -webkit-auto;">Hence This Current Zone of 2.55$ --- 2.67$ Zone is Very important Support Zone for Longterm , On daily charts the RSI 14 is currently at 29 Which is almost approaching the oversold Zone. at This point of time we Dont have any reversal pattern visible which May indicate that the prices have bottomed out , but it Clearly is not a Place to go Shorts for medium term Unless these Supports are broken , If broken we May head to immediate Next support at 2.38</div><div class="yiv1146545938MsoNormal" style="background-color: white; font-family: 'times new roman', 'new york', times, serif; font-size: 19px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: -webkit-auto;"> </div><div class="yiv1146545938MsoNormal" style="background-color: white; font-family: 'times new roman', 'new york', times, serif; font-size: 19px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: -webkit-auto;">Looking at the Long term weekly charts We may be in Process of Making a B wave Low and a High probability of Major reversal From current Levels For Next 6--9 Months cant be rulled out</div><div class="yiv1146545938MsoNormal" style="background-color: white; font-family: 'times new roman', 'new york', times, serif; font-size: 19px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: -webkit-auto;"><br />
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</div><div class="yiv1146545938MsoNormal" id="yui_3_2_0_1_1326528166120136" style="background-color: white; font-family: 'times new roman', 'new york', times, serif; font-size: 19px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: -webkit-auto;">But before taking Any Longs one has to wait For Confirmation of Price reversal as price is King and Once confirmed the Upside Projected targets would be 3.65--4.25 Immediately and Much Higher If this Levels are taken out again</div></div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-83727926009898420602011-09-15T08:24:00.000-07:002011-09-15T08:24:42.867-07:00Silver Possible head & shoulder<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgebMd28CPBtCI8pLec10P8JW7VF5Dt0RY_9QugqNFbF1thKbHQpgFQpGnvIhPz80scE-35QoWQSqoDxVyk5_wEwGXomboOUU5Bggiwj0xUk-MjxUWIF2vResks1YZQQoEkC2yKq6J09UXa/s1600/silver+head+%2526+shoulder.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="155" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgebMd28CPBtCI8pLec10P8JW7VF5Dt0RY_9QugqNFbF1thKbHQpgFQpGnvIhPz80scE-35QoWQSqoDxVyk5_wEwGXomboOUU5Bggiwj0xUk-MjxUWIF2vResks1YZQQoEkC2yKq6J09UXa/s320/silver+head+%2526+shoulder.png" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
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</div><b>Silver is making a potential Head & shoulder Pattern with neckline near 39.5 $ , if we see daily close Below same for next two three Days we could See a sharp Fall till 35 $ , The importnat 55 DMA is also near 39.5 $ a improntat place to watch . Looking at the wave Counts we still have the Same previous bearish counts open with cureent move as 1 of 3 of c with Final targets till 29 $ </b><br />
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<b>Add yahoo id chiragkb5</b></div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0Mumbai, Maharashtra, India19.0176147 72.85616440000001118.826811199999998 72.7533269 19.2084182 72.959001900000018tag:blogger.com,1999:blog-8566189582799593417.post-91962042799983933332011-08-07T22:50:00.000-07:002011-08-07T22:50:04.252-07:00Gold & Silver Charts , Gold Could be near a short term top<div dir="ltr" style="text-align: left;" trbidi="on">Gold Makes a Run away , Exhausation gap at open today and manges to Cross the Longterm weekly Resistance of 1684 which was very Crucial level For bears , Expecting high Volatility in Intraday Now coz of short Covering Which can take prices up will 1707--1716 , which Co-incides with wave Levels of 5=1 . A Failure to close abv 1716 Could be indiaction of Medium term top in Close and Push Prices DOwn till 1525 which would be 23.6 % retracement of Complete Move of decade , if we C the Prices pushing Higher abt 1716 could be a extended 5th which can go higher till 1781 than<br />
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Silver : Explanation on Charts </div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-26536589519981682802011-07-23T23:26:00.000-07:002011-07-23T23:26:24.597-07:00Copper Weekly Medium term Update<div dir="ltr" style="text-align: left;" trbidi="on"><strong>Copper Prices After topping out For medium Term at 10150 LME prices Corrected till 8400 Levels in wave A of 2 , Now Looks like to have Completed the Corrective Wave B at 9640 of wave (2) . Failure to Cross The Recent highs Could Push price Again Down till 8400 & 7700 in Medium term as wave C which mark end of Wave (2)</strong> <br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzwCU1hIM7FSAcZ3kJSBFuiPqeXB3afCnaKXJEfGi1wY8ZehIR15J8nBoySU5_eJ_jLF7k1FHbjVI6q0wppIrb8EF4dwLw5T_FsWqBmP46kJEp9V42iCImTl5RKMX0fbc9wUO3TxpaCR6v/s1600/copper+weekly+lme.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzwCU1hIM7FSAcZ3kJSBFuiPqeXB3afCnaKXJEfGi1wY8ZehIR15J8nBoySU5_eJ_jLF7k1FHbjVI6q0wppIrb8EF4dwLw5T_FsWqBmP46kJEp9V42iCImTl5RKMX0fbc9wUO3TxpaCR6v/s320/copper+weekly+lme.png" width="320" /></a></div></div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0Mumbai, Maharashtra, India19.0176147 72.85616440000001118.826811199999998 72.7533269 19.2084182 72.959001900000018tag:blogger.com,1999:blog-8566189582799593417.post-1577839075234594522011-07-13T08:51:00.001-07:002011-07-13T08:52:36.031-07:00What next on Silver ? A Contradict Move to Massive Up Move<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrJfJk3hUxtL-oSkWqqMTdWO9WEehVMDXXZqDcRIErvK0QwO1w6D5CyLo2v-tR4Xqx5RPc0RPZAeEJ23VmjYTstU1q-sQTFjSi1a3L0cREma3Jl_1SmfN1m7ZAZXY5J4JqqX_4Erkn9U7a/s1600/silver.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrJfJk3hUxtL-oSkWqqMTdWO9WEehVMDXXZqDcRIErvK0QwO1w6D5CyLo2v-tR4Xqx5RPc0RPZAeEJ23VmjYTstU1q-sQTFjSi1a3L0cREma3Jl_1SmfN1m7ZAZXY5J4JqqX_4Erkn9U7a/s320/silver.gif" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><span class="Apple-style-span" style="color: red;"><b>Failure</b></span><b><span class="Apple-style-span" style="color: red;"> to CLOSE ABOVE 39.2 $ On Daily closing Basis Could Lead to MASSIVE reversal downside </span></b></div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-74242669947258652142011-06-27T03:43:00.000-07:002011-06-27T03:43:34.400-07:00Daily Trading Levels , MCX Supports And Resistance , Commodities , Base Metals<div dir="ltr" style="text-align: left;" trbidi="on"><span class="Apple-style-span" style="font-family: arial, helvetica, clean, sans-serif; font-size: 13px; line-height: 15px;"></span><br />
<div style="line-height: 1.2em; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: none; outline-width: initial; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">BASE METALS </div><div style="line-height: 1.2em; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: none; outline-width: initial; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" /></div><div style="line-height: 1.2em; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: none; outline-width: initial; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Copper : Trend Sideways - Range Bound - <br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" />Important Resistance 411-412 ,Close above same one can expect levels of 419-420.</div><div style="line-height: 1.2em; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: none; outline-width: initial; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">On downside 398-399 Important Support range. Below which we can test 385/390<br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" />Levels on upside 405-408.5-411-413</div><div style="line-height: 1.2em; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: none; outline-width: initial; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" /></div><div style="line-height: 1.2em; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: none; outline-width: initial; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Lead : Trend Up</div>Lead reverses from major resistance zone given earlier Major Resistance zone remains at 116-116.5<br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" />Sustained move above 116-116.5 can do 118.5-119 on upside<br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" />On downside 112.5-113 support for intraday.. 107.5-108 Major Support range for the comm<br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" /><br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" /><br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" /><div style="line-height: 1.2em; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: none; outline-width: initial; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Zinc : Trend Slightly Bullish</div><div style="line-height: 1.2em; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: none; outline-width: initial; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Zinc reverses from major resistance zone given earlier Major Resistance zone remains at 116-116.5 <br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" />ABove 101.5 if sustains then may do 103-103.5</div><div style="line-height: 1.2em; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: none; outline-width: initial; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">MInor Support at 98-98.5. On downside 95-95.5 Important Support range</div><div style="line-height: 1.2em; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: none; outline-width: initial; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" /></div><div style="line-height: 1.2em; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: none; outline-width: initial; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Nickel : Trend Sideways </div>Important Support near 955-960 Levels , Major Resistance zone 1000-1005 on Upside<br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" />Nickel buy above 1000-1005 range with stop of 990, can do 1035/1040 on upside <br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" />Trend Reversal if it closes above 1010.. Levels on downside 980-960-950<br style="line-height: 1.2em; outline-color: initial; outline-style: none; outline-width: initial;" /><br />
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</div><span class="Apple-style-span" style="color: red;">Silver Looks to have Completed 5 waves down From Recent High of 49.7 & looks like time For Seriously Sharp Pull back , if the 5th wave gets extended Breack of 32 $ would be a confirmation of same , than Can Extend till 28.4 ..but When we Look at other Precious metals Charts Along with it Should See a bottom near these levls and again pull back to 44 Levels in coming days </span></div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-91214682967313745502011-04-24T21:16:00.000-07:002011-04-24T21:16:20.116-07:00Mcx trading Levels For Day<div dir="ltr" style="text-align: left;" trbidi="on"><em><span style="color: blue;">Support & Resistance For The day</span></em> <br />
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Gold 21835--21960-22040-22210-22333-22486<br />
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Silver 68300-69180--70400--71650<br />
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Copper 428.6-435--439-442-445<br />
Lead 115.4--116.8-118.2-199.6-121<br />
Zinc 102.4--103.6-105-106.6-108<br />
Nickel 1188-1210-1234-1252--1284<br />
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Crude Oil 4850-4934-5010-5160-5240<br />
Natural gas 192.5-195.6-197-200.4-204</div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-2503002423665155722011-04-05T02:47:00.000-07:002011-04-05T02:47:34.961-07:00#Silver medium term view<div dir="ltr" style="text-align: left;" trbidi="on">Looking at silver weekly charts for past decade the rally which started from almost 3.50 $ to current price of 38.5$,it clearly looks likes near end of extended massive bull run of 5 waves and now could get into corrective phase (wave 2 a-b-c ) for next few months. Any new high on silver would be a good sell opportunity or a break of 36 dollar would confirm a medium term top and we could look at short term downside targets of 32.5 $ and 27 $ <br />
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Snapshot :<br />
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<strong><em><span style="color: red;">#silver break of 36$ could confirm a medium term top & correct down till 32.5$ and than 27$ , $slv , Good sell on rise #askchirag any new highs or rallies good setup to create shorts</span></em></strong></div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com2tag:blogger.com,1999:blog-8566189582799593417.post-70288210903673884252011-03-23T02:05:00.000-07:002011-03-23T02:05:31.225-07:00#copper , #gold , #silver Trading Levels For short term<div dir="ltr" style="text-align: left;" trbidi="on"><span style="color: red;">Copper (MCX) Looks Strong</span> -- till time prices holding the Key Level of 430 --- One Can expect An Further upside till 442--445--449 , Downside Below 430 Support at 426.5 ---410<br />
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<span style="color: blue;">Gold & silver</span> Faceing Resistance near Previous week's high on Comex , a Sustained trade Above Same Can Push prices Further up on Gold till 1447$ --1465 $--1489 $ and on Silver 36.5 $---37.2 $--38.4$ <br />
On downside Important Support on Gold now at 1415 $ & silver 35.2 $ </div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-14227104772417845632011-03-02T23:44:00.000-08:002011-03-02T23:44:21.031-08:00#Silver Near medium term channel Resistance<div dir="ltr" style="text-align: left;" trbidi="on"><br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfcICqZNCzyDWHcXjcC19tdrbvwItuHosWNeLjBMxHtWUF-Ees9pYXGNEqLtQ012F7b1BnxmQuZNqPft0F-UuhGn1JSTzEIXoIFCNg057a5d5sHNOB9Q7xx9vjrfyEheNVXPBdU8mJZTXv/s1600/silver+weekly.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="177" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfcICqZNCzyDWHcXjcC19tdrbvwItuHosWNeLjBMxHtWUF-Ees9pYXGNEqLtQ012F7b1BnxmQuZNqPft0F-UuhGn1JSTzEIXoIFCNg057a5d5sHNOB9Q7xx9vjrfyEheNVXPBdU8mJZTXv/s400/silver+weekly.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
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</div>Silver Will Face Strong Resistance near 35.1 $ lvls which is upper end of medium term Channel .Its moving in channel From Lows of 18.6$ . The weekly RSI is also overbought and currently trading abv sub 75 lvls . Once can expect a short term top to be in place at 34.96 lvls and expect some Sideways consolidation to Downside . The immediate important Support Now is at 31.25 $, a Close below same can lead to Further Correction till 28$<br />
</div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-81556872070557148912011-02-14T02:32:00.001-08:002011-02-14T02:32:36.969-08:00#gold short term view<p>Gold prices Re-tested the Neckline Resistance of breakdown From multiple tops made Near 1422 Levels Zone previous Week,Which also Looks like a Complex Head & shoulder pattern. The Neckline as if now is poised near Same levels as of 100 DMA currently at 1368$ . Which is proving to be strong Resistance . </p> <p>On the downside the 55 DMA at 1332 $ is also Proving a Strong Support below that important Support comes at 1305 Levels which also co-incised with the Short term Bottom and Medium term  channel Trend line . </p> <p>till time Prices are trading below 100 DMA and Key neckline Resistance . We Look downwards on gold Prices to test previous bottom and Final Reach the Patterns target at 1240 $ . Stops Could be well placed above 1384 $ closing basis . A Close above Same Would Invalid the view .</p> <p><a href="http://lh3.ggpht.com/_7o0GeJdH8LY/TVkEwVvYpeI/AAAAAAAAARY/BYd5Bsot_t8/s1600-h/gold%20daily%5B7%5D.png"><img title="gold daily" style="border-top-width: 0px; display: inline; border-left-width: 0px; border-bottom-width: 0px; margin-left: 0px; margin-right: 0px; border-right-width: 0px" height="160" alt="gold daily" src="http://lh5.ggpht.com/_7o0GeJdH8LY/TVkEwxjs6II/AAAAAAAAARc/O6dOwWCyPBU/gold%20daily_thumb%5B5%5D.png?imgmax=800" width="323" border="0" /></a></p> Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-32659824122578736232011-02-03T07:28:00.001-08:002011-02-03T07:34:51.527-08:00have crude & copper topped out ?<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"></div><br />
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</div><div class="separator" style="clear: both; text-align: center;"><b><span class="Apple-style-span" style="color: red;">Copper MCX Possible Price Targets at 380 SL abv 475 closing</span></b></div><div class="separator" style="clear: both; text-align: center;"><br />
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</div><div class="separator" style="clear: both; text-align: center;"><b><span class="Apple-style-span" style="color: red;">Crude MCX possible price targets below 3400 Rupess Stops Abv 4300 closing basis </span></b></div><div class="separator" style="clear: both; text-align: center;"><br />
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</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_SriRZwfV_KZi6Zs-fYlbPhXYcUf76hruPTynBqz_xHmEho28_fQb6JqgJkyEGAz-Mzb3yEB_SEz9S8N1xq15-tcXPv98dYLz-sMQRmep6Ori_LLWPDl_t1roxMMwPmnhz15IgoCclA8k/s1600/crude+monthly.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="143" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_SriRZwfV_KZi6Zs-fYlbPhXYcUf76hruPTynBqz_xHmEho28_fQb6JqgJkyEGAz-Mzb3yEB_SEz9S8N1xq15-tcXPv98dYLz-sMQRmep6Ori_LLWPDl_t1roxMMwPmnhz15IgoCclA8k/s320/crude+monthly.png" width="320" /></a></div><br />
</div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com1tag:blogger.com,1999:blog-8566189582799593417.post-19338229152079015242011-01-24T01:34:00.000-08:002011-01-24T01:34:23.784-08:00Copper Short term view<div dir="ltr" style="text-align: left;" trbidi="on">copper has formed a double top at 9800 levels and even broken the short term trendline , re-test of resistance done today . break of 9300 levels would open down side targets of 8900 levels<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihd1EsZrgpTZTvF8Z02pLsuffqqsWUixpAcd2Ja2wFhW2cDMX2dgNmqpAAop6k91-50tM5K7L9cTXGXJ3TQv09Una9Us84jQ5CdBR0eVNBywr8lBIoTYA-9UR_ag4YNyV78FLdcawpnYjM/s1600/copper240102011.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="238" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihd1EsZrgpTZTvF8Z02pLsuffqqsWUixpAcd2Ja2wFhW2cDMX2dgNmqpAAop6k91-50tM5K7L9cTXGXJ3TQv09Una9Us84jQ5CdBR0eVNBywr8lBIoTYA-9UR_ag4YNyV78FLdcawpnYjM/s320/copper240102011.PNG" width="320" /></a></div><br />
</div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-78175852823214478002011-01-13T01:54:00.001-08:002011-01-13T01:54:21.140-08:00silver short term update<p> </p> <p><a href="http://lh5.ggpht.com/_7o0GeJdH8LY/TS7LyRuh3uI/AAAAAAAAAP4/LYltywlem44/s1600-h/silver%5B7%5D.png"><img title="silver" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="144" alt="silver" src="http://lh6.ggpht.com/_7o0GeJdH8LY/TS7Ly338leI/AAAAAAAAAP8/1Zpx5xiuRl8/silver_thumb%5B3%5D.png?imgmax=800" width="341" border="0" /></a> </p> <p> </p> <p><strong>Silver has formed a short term top at 31.15 $ and looks like has started to correct down in set of 5 waves with the first wave over at 27.7 $ and wave 2 at 29.8 , the third wave looks like headed for sub 25 levls . With Final target of 22.4 (wave5)</strong></p> Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-37583798434383303922010-12-14T05:12:00.001-08:002010-12-14T06:07:02.465-08:00Gold Silver Update<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYRsTZV2pxKSGHdopY1l6kLuijz7OFGpfwgYGYBYeMWM4CnGdFvrHI2jTsHNihUpeBtdhrbwgWnprlN0Y1JvqCc4uV79FdMAjyfg2J15GsKcJ3xFv6wzEy1bKsG4SVQVrP7a_rcuizFck2/s1600/14122010gold.Slvr.PNG"><img style="display: block; margin: 0px auto 10px; text-align: center; cursor: pointer; width: 400px; height: 300px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYRsTZV2pxKSGHdopY1l6kLuijz7OFGpfwgYGYBYeMWM4CnGdFvrHI2jTsHNihUpeBtdhrbwgWnprlN0Y1JvqCc4uV79FdMAjyfg2J15GsKcJ3xFv6wzEy1bKsG4SVQVrP7a_rcuizFck2/s400/14122010gold.Slvr.PNG" alt="" id="BLOGGER_PHOTO_ID_5550525175332560882" border="0" /></a><br />Unlike Gold, Silver seems to be completing a final v subminor up. This seems to be a completion of the leg up from Nov 2009. And considering the large exponential blow off that we illustrated prior and Silver topping the Jiseki rankings we continue to look at any leg up on Silver now as the last leg after which the white metal should fall back into 22.40 previous iv wave supports. Gold also seem to be in the final Y minor leg up and should follow silver down.<br /><br /><span style="font-size:85%;"><span style="font-style: italic;font-family:arial;" >Done in association with orpheous Asia Intraday Service (Ticks Global)</span></span>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com1tag:blogger.com,1999:blog-8566189582799593417.post-26594347341712791302010-11-23T03:19:00.000-08:002010-11-23T03:23:40.967-08:00GOLD.SILVER.DOLLAR.OIL<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7IRvcHGIwqxKelZRtr_K3UNGvkmjPuO9vQKPlnU9kP8z8TIY_LjIJXlfVOClNRW-xca7motE1SautqQY-Kv4BDb9NIOvK5lNTHIr_4D6qqJiSh5Modx-nHwCsRAQERRwWo6lgNyZn8XBB/s1600/GOLD.SILVER.DOLLAR.OIL.231110.PNG"><img id="BLOGGER_PHOTO_ID_5542703536149530402" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 295px; TEXT-ALIGN: center" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7IRvcHGIwqxKelZRtr_K3UNGvkmjPuO9vQKPlnU9kP8z8TIY_LjIJXlfVOClNRW-xca7motE1SautqQY-Kv4BDb9NIOvK5lNTHIr_4D6qqJiSh5Modx-nHwCsRAQERRwWo6lgNyZn8XBB/s400/GOLD.SILVER.DOLLAR.OIL.231110.PNG" border="0" /></a><br /><div>Gold has a clear five wave impulse down. The B wave should end near 1,380 levels after which the C wave down to new lows below 1,320 should begin. Silver looks more like a 3-3-5 structure. We see the B wave complete and prices starting a C leg lower till 25. OIL is also stagnating in a B wave, which should resolve lower. Dollar index remains in B wave till price clearly move above 79.55 previous highs.</div><div> </div><div><span style="font-size:85%;">(Article written in association with Orpheus CAPITALS -- ticks Global Intraday Service)</span></div><div><a href="http://orpheus.asia/orpheus/ids.php?serviceid=23"><span style="font-size:85%;">http://orpheus.asia/orpheus/ids.php?serviceid=23</span></a></div><div> </div>Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-11433791851267820032010-11-22T09:14:00.000-08:002010-11-22T09:16:22.048-08:00Forex update JPY.EUR.GBP.AUD vs. USD<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWQis7ebCJ29vlIzzHdG9WE9dFNyRm5AUxRMB4A46ahjrGehKHZ3TZ6g2NgW8N4feZwlAYgBNfNsIH5VCYLBTQsyeFe1HfyzLuXy7SCyiTQ_ITXwzQjfDY8JtFIXUNjw_N8m8MafiEh3Vp/s1600/forexupdate1.PNG"><img style="display: block; margin: 0px auto 10px; text-align: center; cursor: pointer; width: 400px; height: 292px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWQis7ebCJ29vlIzzHdG9WE9dFNyRm5AUxRMB4A46ahjrGehKHZ3TZ6g2NgW8N4feZwlAYgBNfNsIH5VCYLBTQsyeFe1HfyzLuXy7SCyiTQ_ITXwzQjfDY8JtFIXUNjw_N8m8MafiEh3Vp/s400/forexupdate1.PNG" alt="" id="BLOGGER_PHOTO_ID_5542424095284231506" border="0" /></a><br />USDJPY. Prices have completed a five wave structure suggesting that the bounce back could push back up till previous 4 wave levels at 86.<br />EURDUSD is in a 2 wave counter trend wave that should not push above 1.38-1.39 resistance levels. After the ongoing bounce prices should move back 1.3238 levels.<br />AUDUSD. The price Reversal below 1.000 suggest that B wave is also over and prices are headed down till 0.9350 . The price action also has a potential Head and shoulder neckline near 0.9700. A break here will also confirm the preferred negative view.<br />GBPUSD. Prices have completed the Wave B up at 1.5900 levels and are headed down till 1.5600.Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-34305477234581455012010-11-12T03:18:00.001-08:002010-11-12T03:20:17.678-08:00LME Nickel Medium term view<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_5QsLu3TfnB3S_DtP38LMJ4AD78pX7MSLLxRXeJfffIIIlwXy8RrKe41OwHLb0H2pzR31O1zMPLilHP1n8ACA7ji-tNs2dbm50hkwwjAMG07TTVXorKt6Bw3V-EGMsg8xufZTklZ48GDb/s1600/nickel+final+reut.PNG"><img style="display: block; margin: 0px auto 10px; text-align: center; cursor: pointer; width: 400px; height: 261px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_5QsLu3TfnB3S_DtP38LMJ4AD78pX7MSLLxRXeJfffIIIlwXy8RrKe41OwHLb0H2pzR31O1zMPLilHP1n8ACA7ji-tNs2dbm50hkwwjAMG07TTVXorKt6Bw3V-EGMsg8xufZTklZ48GDb/s400/nickel+final+reut.PNG" alt="" id="BLOGGER_PHOTO_ID_5538621187697645986" border="0" /></a><br /><br />The B minor corrective (counter-trend) seems over and now the prices should move lower in the C wave back below previous low at 17,000. Sub 24,000 we continue to look lower.Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0tag:blogger.com,1999:blog-8566189582799593417.post-6413824063089344222010-10-18T09:06:00.000-07:002010-10-18T09:07:42.213-07:00LME Nickel Short term view<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipnjHnBBIw-isTKOs8HYzs_r5itqXgoFUFV2-vruSJNzPBgBpY3xbvR3_OmR_f4gaxmCFMfN2AHigKtWA3hyphenhyphen2wuubacRryYnSeR-Dw3Yu165xxqZN2jqnPuIr5F9zltKZUMSXcHvh6MMgG/s1600/LME+nickel.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 196px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipnjHnBBIw-isTKOs8HYzs_r5itqXgoFUFV2-vruSJNzPBgBpY3xbvR3_OmR_f4gaxmCFMfN2AHigKtWA3hyphenhyphen2wuubacRryYnSeR-Dw3Yu165xxqZN2jqnPuIr5F9zltKZUMSXcHvh6MMgG/s400/LME+nickel.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5529418406754226498" /></a><br />LME Nickel breaks the Medium term Trend Line with a Strong Gap Down , Intraday Fills back the Gap and The Support Becomes Strong Resistance and prices Reverse , If In Medium Term Nickel Fails to Cross 24300 lvls , Can On Downside correct till 22400 lvls or 21900Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com1tag:blogger.com,1999:blog-8566189582799593417.post-66869580531399621392010-10-13T08:10:00.000-07:002010-10-13T08:13:42.066-07:00Gold Near Resistance Zone<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeXY8m4VeO-EdXT4QpRhVR0fW7SOI0c5o8slcHMnYRwgzYd8ZyeMTZoGePP7zUK_GseehaDEaSrP58xVmvWrF68wTijylVIGLHhfy-PzRH6hrm86uQWBRprE6Iv-QtL2GFnUTYTjRDkUuy/s1600/Gold+Near+Short+term+Resistance.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 187px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeXY8m4VeO-EdXT4QpRhVR0fW7SOI0c5o8slcHMnYRwgzYd8ZyeMTZoGePP7zUK_GseehaDEaSrP58xVmvWrF68wTijylVIGLHhfy-PzRH6hrm86uQWBRprE6Iv-QtL2GFnUTYTjRDkUuy/s400/Gold+Near+Short+term+Resistance.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5527548891131138290" /></a><br />Gold Near important Trend line Resistance in zone of of 1380-1387 $ ,<br />The Rsi is Extremely overbought and Showing Negative Divergence . This Resistance is Almost near physiological Resistance of 1400 $ , <br />This even co-incised with wave counts of Major 3 -5th wave Extended , Suggesting we are Near top. Will Look for key Reversal Here Any time soon , Opening Downside targets till 1310--1265 $Askchirag.comhttp://www.blogger.com/profile/02746702915639030179noreply@blogger.com0