update- ULTRATECH CEMENT SHORT SWING TARGET:4100-

2017-07-25 12_15_13-ULTRACEMCO - 4137.45
ULTRATECH CEMENT: reached first target and the bearish momentum seems strong so it should reach target2 in 2 weeks

 

As i had mentioned in previous article i expected ultratech cement to reach 4120 level in 3-4 days  and it successfully did it. The candlestick pattern that it has made is very bearish so i expect it to fall further.

 

 

Stock swing trades:

  1. BEML: 

    2017-07-24 23_52_13-BEML
    VERY NICE BREAKOUT IN BEML.CAN GIVE A MOVE UPTO ALLTIME HIGHS OF 1800+ LVLS
  2. CHAMBAL FERT
2017-07-24 23_58_06-CHAMBLFERT
CHAMBALFERT: IF THE PRICE CONVICINGLY BREAKOUT OF THE 139 RESISTANCE ZONE. THIS WILL FLY TILL 160+

 

Missed a nice trade in GVKPIL. I wish i would have scanned it before. But its too late now the stock has literally flied.

 

SILVER SWING TRADE UPDATE- CLOSED AT 37300

I had already told that ill close the trade at 38300 and then wait for the price to either pullback a bit from this level so that i can reenter or else wait for a convincing break of this strong support zone which may now act as resistance. If silver crosses this level convincingly that will indicate a very bullish sentiment and ill go all long silver till the next resistance.

Till then the approach will be to just wait for a pullback and a bullish bounce to enter the market again

SILVERMINI LONG AT 37006/ 5 LOTS- UPDATE

2017-07-22 13_16_42-SILVERMIC17AUGFUT
TAKE PROFIT done at 37800-38000 level. Now will add on retracement or if price crosses this major resistance area comfortably 

Currently in 1200 points profit in Silver .The momentum doesnt seem to be ending. But iwill have to see how the price reacts to the major zone of 38300.This level has acted as support 3 times in a 1 year time zone so i wont be surprised if it acts as a major resistance this time around. I have done profit booking on this trade so i am on the safer side here. But i will surely get out of the remaining lots i have here and wait for price to retrace if price reverses from this zone.

Ill do fresh buying again once the volume/momentum is back to bullish. BUT and a big but..IF and a ever bigger IF ..the price breaks through this resistance in a very big move ..and maybe kisses the zone again to go back up ..ill load all in this again because that would mean the rally has not died and a fresh 1000+rally would begin.

CRUDE /SILVER intraday trades 21 july 2017

Two nice setups in both crude and silver which are still active but took partial in both and will keep them running till EOD also will see if i get a chance to reenter the trades if i see strong signs of reversals on key retracements.

  1. crude trade:
2017-07-21 17_30_10-CRUDEOILM17AUGFUT - 3000
crude intraday trade 24points(profit booked ) some quantity still running

The crude trade was mostly on price action then the system. There was a sudden reversal in prices with high volume. but i waited till it broke the days low and then entered the trade. Booked profit at the next important pivot level. Hope that it retraces back to around 010 region so that i can add back .

 

2) silver trade:

SILVERMIC17AUGFUT - 38061

Entry : when the price broke through the days key resistance which  was tested quiet a bit in the day. It was also coincidentally last days high. Once it crossed it price just flew up and i was waiting for the breakout eagerly ( PATIENCE!!). I booked profit at 100 points and there are some lots still running and ill add if price rebounds from key retracements. I do see momentum but this being silver anything can happen. Ill still make money if it goes 3-400 points up from here with the remaining lots.

 

Crude swing taken at 3005 ;Target:3075+

Took a swing trade in crude at 3005 just before the EIA report was released around 7:30 pm 19 july. As expected the results were bullish for oil and it flew.. The momentum is very strong and it had a breakout of last weeks high.

Expect it to reach 3075 area from here. nice 70 points profit.

crudeswing 19july
Took entry around this point
crude swing 19july
Two morning stars.. expect same upmove above
crudewwswing
Will book profits around 3077 area and if very bullish this may go till 3150+
crudeintra19
Also had a nice intraday trade at the end of session after the triangle breakout after consolidation of big move