Friday, April 26, 2013

Gold One Pager Report Expected tgt 1220 - 1160



Trading Call: XAU/USD Sell CMP @ 1464 Stop Loss of 1505 Target of 1320 – 1240 - 1160 levels.


Gold has retraced by 61.8% of the fall from the level of 1590 to 1321 and if the resistance of 1485 hold on closing basis reversal is expected from current level and will test immediate support of 1320$ and further trading below 1320 will bring to 1240 and 1160 on lower side.

We expect gold to fall by 161.8% of A-B from Point C which is the expected target of 1160$ on lower side.  On higher side till the time its below 76.4% retracement at 1525$ we expected this rise was just a pull back of the sharp selloff. Selling will continue from current level and further support of 1425$ and 1385$ can be seen immediately.

Market is in bearish trend and any level below 1200 – 1160 range will be the level to go long in market and it will enter in fifth wave in long term chart where some life time high level can be crossed in years to come. 

Monday, April 8, 2013

China Signals it will Back North Korea in War

http://www.fromthetrenchesworldreport.com/china-signals-it-will-back-north-korea-in-war/40302/


7 April 2013 Breaking News China Signals it will Back North Korea in War end times news update 4-7-13
China won’t sell out North Korea, no matter how much it should, and that sends a message to the rest of the world.
Who would you rather have in your corner? Who is going to stand by you when times are tough? China or America?
Officially China may not be too happy about the way that North Korea is acting. Or maybe it is.
China isn’t too worried that Obama will actually drop his golf clubs and stand up to the Communist banker of his welfare state. It doesn’t want to appear too crazy in public, but it has moved to a more militarist stance and North Korean aggressiveness serves its interests by tying up the United States in Korea while allowing its leaders to be the ones who claim to have the choke hold on the Nuclear Hound of North Korea.
But if push does come to shove, then China has North Korea’s back. Unlike Obama Inc. which only has the Muslim Brotherhood’s back.
China continued moving tanks and armored vehicles and flying flights near North Korea this week as part of a military buildup in the northeastern part of the country that U.S. officials say is related to the crisis with North Korea.
The Obama administration, meanwhile, sought to play down the Chinese military buildup along the border with Beijing fraternal communist ally despite the growing danger of conflict following unprecedented threats by Pyongyang to attack the United States and South Korea with nuclear weapons. The buildup appears linked to North Korea’s March 30 announcement that it is in a state of war with South Korea after the United Nations imposed a new round of sanctions following the North’s Feb. 12 2013 nuclear test and because of ongoing large-scale joint U.S.-South Korea military exercises.
The People’s Liberation Army (PLA) troop and tank movements were reported in Daqing, located in northeastern Heilongjiang Province, and in the border city of Shenyang, in Liaoning Province.
Officials said one key military unit involved in the mobilization is the 190th Mechanized Infantry Brigade based in Benxi, Liaoning Province. The brigade is believed to be the PLA’s frontline combat unit that would respond to any regional conflict or refugee flows. Troops and tank movements also were reported in Dandong, in Liaoning Province. Fighter jets were reported flying in larger numbers in Fucheng, Hebei Province, and in Zhangwu and Changchun, Liaoning Provinces. Additionally, the troop buildup is a signal to Pyongyang that China will abide by its defense commitment to North Korea in the event of renewed conflict.
If the PRC really wanted to discourage North Korea’s misbehavior, then it would avoid the buildup. After all the only thing China really has to worry about is a flood of refugees and it doesn’t need jets or tanks to deal with them.
The message being sent is that China, unlike the United States, doesn’t abandon its allies.
Obama may have sold out Poland on missile defense and sold out the UK on the Falklands and Israel on Hamas. Obama sold out Mubarak and the leaders of most American allies in the Middle East.
March 31st 2013 Presstv reports – Russian president Putin orders unscheduled military drill in Black Sea Russian President Vladimir Putin has ordered an unexpected military exercise involving dozens of ships and thousands of troops in the Black Sea.
Presidential spokesman Dmitry Peskov said Thursday that Putin issued the order for the large-scale maneuvers overnight as he flew back from the South African city of Durban after a two-day summit of the BRICS group of emerging powers.
Peskov further said the drill is aimed at testing the battle-readiness of Russia’s Black Sea units. “These are large-scale unannounced test exercises. The main goal is to check the readiness and cohesion of the various units,” he said.
The ships taking part in the exercise have already left the Russia-leased Sevastopol port in Ukraine’s Crimea Peninsula, the Russian spokesman added.
According to a Kremlin statement, the drill will involve 36 vessels, up to 7,000 troops and an unspecified number of aircraft. However, the statement did not specify how long the exercise would last.
Russian foreign affairs analyst Fyodor Lukyanov, who is also the editor of Russia in Global Affairs journal, said, “It is flexing muscles and may have more to do with what is happening in the Mediterranean, around Syria, than in the Black Sea.”
In January, Russia launched its largest naval exercises in decades in the Mediterranean and Black Seas near the territorial waters of Syria.
Moscow said the drills were “held in line with the Russian Armed Forces’ 2013 combat training plan,” and focused on “interoperability of task forces from several fleets while on a mission in a far-off maritime zone.”
In addition to Georgia and Ukraine, Russia shares the Black Sea with Turkey, Bulgaria and Romania.

JUST A VIEW not to conclude till its totally confirm : (Rajeev)

Friday, April 5, 2013

GOLD_Positional_Bull_Flag_Pattern_Formation



Gold from the above chart is forming a Bull Flag Pattern Formation where it has rallied from the lower level of 680$ and tested the higher level of 1920 and on monthly closing basis was seen at 1825$. After the sharp rise from the lower level of 680 to 1825 Gold went in the consolidation phase where the consolidation was seen from August 2011 till now and is just near the lower support of 1500$ and if this support holds reversal is expected from current price and will move to test higher resistance level of 1790$ and crossover above 1790$ will give a Bull Flag pattern Breakout.
Calculating the Target from the Breakout which is also explained in the Chart where the market has rose from the lower level of 680 testing the higher level of 1825 making a Pole length of 1145$. Consolidation phase was seen between 1800$ to 1520$ which comes to 280 points. If we look at a reversal in price from here can test immediate resistance level of 1790$ and crossover above 1690 on weekly closing will further bring to higher target if 2935; which is the Difference of the Pole (1145) from the breakout point of 1790$.
1.        Sharp Move: To be considered a continuation pattern, there should be evidence of a prior trend. Flags and pennants require evidence of a sharp advance or decline on heavy volume. These moves usually occur on heavy volume and can contain gaps. This move usually represents the first leg of a significant advance or decline and the flag/pennant is merely a pause.
2.        Flagpole: The flagpole is the distance from the first resistance or support break to the high or low of the flag/pennant. The sharp advance (or decline) that forms the flagpole should break a trend line or resistance/support level. A line extending up from this break to the high of the flag/pennant forms the flagpole.
3.        Flag: A flag is a small rectangle pattern that slopes against the previous trend. If the previous move was up, then the flag would slope down. If the move was down, then the flag would slope up. Because flags are usually too short in duration to actually have reaction highs and lows, the price action just needs to be contained within two parallel trend lines.
4.        Break: For a bullish flag or pennant, a break above resistance signals that the previous advance has resumed. For a bearish flag or pennant, a break below support signals that the previous decline has resumed.
5.        Targets: The length of the flagpole can be applied to the resistance break or support break of the flag/pennant to estimate the advance or decline.

Thursday, April 4, 2013

Positional Trading calls in Bullions


MCX BUY GOLD APRIL @ 29200 STOP @ 29000 TGT 29500 29800 30200 4/4/2013 11:20


MCX BUY SILVER JUNE @ 50800 STOP @ 50200 TGT 51500 52300 53000 4/4/2013 11:21

Tuesday, March 12, 2013

Trading Calls update for 12th March 2013 with patern explanation



* Nifty SELL @ 5960 STOP @ 5985 TGT 5935 5905 5880 - 3/12/2013 9:44


NSE SELL Bank Nifty @ 12190 STOP @ 12250 TGT 12110 12050 3/12/2013 9:44



11: 00   INR   Indian Industrial Production (YoY) Actual : 2.4% ; Forecast : 1.2% Previosu :: -0.6% :: Data is supportive for Nifty till the time 5945 holds ,, and crossover aove 5980 is must.. if fail to cross 5980 then trading is expected to be -ve
11:00  INR   Indian Manufacturing Output (MoM) Actual : 2.70% , Previosu : -0.70%

Nifty Morning sell call @ 5960 CMP is 5950 : suport is @ 5945 sustain trading below 5945 it will give a breakdown of Bear flag pattern in intrdya chart from 5988 to 5945 pole and exoected target will below 5905 - 5910  : tgt 2 in our call is 5905 and tgt 3 @ 5880

Bnak nifty sell call @ 12190 cmp is 12085 tgt 2 @ 12050 add tgt 3 @ 11960

L&T which has fallen from 1620 to 1350 has retraced by exact 61.8% of the fall and tested the lvl of 1510 CMP : if Previous suport lvl of 1530 holds selling will start from CMP of 1510 cantest 1360 tgt 1 and then sustain below 1360 can test 1255 121% extensio of fall from recent (today) high

TITAN cmp is 245 spot : its trading in III wave in down sdie rally and in the same its inter wave iii formation where lower side tgt is comming at 225 positional stand is required ,,, ressitance and stop of 262 is advise

Coal India CMP is 319 spot : its foeming Bearish Penant formation where breakdown below 316 will confirm the doen trend : expected target is 280 positional call can be traded in future : resistance is at 325 crossover in spot ... 

Thursday, March 7, 2013

Trading calls in Bullions, Positional levels


Positional Call in Bullions

MCX BUY Silver @ 55110 STOP @ 54500 TGT 57000 59000 62000 3/7/2013 10:48



MCX BUY Gold @ 29610 STOP @ 29400 TGT 30100 30800 32000 3/7/2013 11:13

Tuesday, March 5, 2013

Special Report on Gold Bottom Fishing



Bull Flag Pattern Formation

Bull flag is a sharp, strong volume rally on a positive fundamental development, several days of sideways to lower price action on much weaker volume followed by a second, sharp rally to new highs on strong volume. The technical target is derived by adding the height of the flag pole to the eventual breakout level at point (e).

Bull flag formations involve two distinct parts, a near vertical, high volume flag pole and a
   parallel,  low volume consolidation comprised of four points and an upside breakout.
The actual flag formation of a bull flag pattern must be less than 20 trading sessions in duration.
Most flag patterns occur at the middle of the larger move higher for a stock.
Upside breakouts often lead to small 2-3% rallies followed by an immediate test of the breakout level.
If the stock closes below this level (now support) for any reason the pattern becomes invalid.

Bulls flags are favored among technical traders because they almost always lead to large and predicable price moves. Like all continuation patterns, bull flags represent little more than a brief lull in a larger move higher. Indeed, in many cases the flag pattern will actually take shape in the middle of the ultimate move higher. Bull flags occur because stocks rarely move higher in a straight line for an extended period, instead, the move higher is broken up by brief periods where traders "catch their breath".


The first part of the flag pattern is often called the flagpole or mast. During this phase the stock price skyrockets to a reaction high (a) on some positive fundamental development. Very often this will be the unveiling of a new product, a favorable legal resolution or positive earnings surprise but the change in price is near vertical as would be sellers are overwhelmed by new buyers caught-up in the euphoria of the moment. As the stock soars speculators that were smart enough to have purchased the stock at lower levels begin selling.

At this point the second phase or flag portion of the bull flag begins. Because the flow of news and investor sentiment is overwhelming positive, most of the stock sold by speculators is easily absorbed in the beginning but as time passes fewer investors seem willing to pay the current price. Slowly, the stock price begins to falter on dramatically reduced volume. The descent is slow because bullish sentiment is still very strong.

Target Calculating:- Hight of the Pole from is 494 (1308 - 1802) and we have seen pattern is just forming where it is reverting from the lower trend line support at 1555 and is just trading at 1580$ level. In immidiate term we expect gold to test the higher resistance trend line at 1790$ and may take a short resistance there and there after crosover will bring to the target of 1825$ which will be rise by 2% of the Price, as per the Bull Flag pattern it will give a short profit booking from higher level and retes the breakout trend line at 1790 – 1800$ level and will again enter in the uptrend. On higehr sdie from the breakout pattern above 1790 adding the pole difference expected target comes to 2285$ on higher sdie which can be seen in medium to long term. On lower sdie there is multiple support seen at 1550 – 1535 range; closing basis on weekly chart below support level will confirm the down ternd to continue which is diffuicult at this point of time.