XAUUSD

ThIs indicator deserves EA coding.

XAUUSD - 1294 and USOIL- 50.27 both buys triggered.

US OIL : I have made a grid passive trading system for USOIL like XAUUSUD.

My pending orders details below:

Stop---	42.07
	43.06
	44.09
	45.12
	46.15
Buy ---	47.18
Buy ---	48.21
Buy ---	49.24
Buy ---	50.27
Buy ---	NIL
Buy ---	52.33
Buy ---	53.36
Buy ---	54.39
Buy ---	55.42
Buy ---	56.45
Buy ---	NIL
Buy ---	58.51
Buy ---	59.54
Buy ---	60.57
Buy ---	61.60
Buy ---	62.63
Buy ---	63.66
Buy ---	64.69
Buy ---	65.72
Buy ---	66.75
EXIT ALL	67.80

US OIL; I have a target of 68.02 - 68.22. I dont think OPEC having suffered (financially) enormously and their plans of killing US SHALE OIL companies backfired,they have no option but to collude with all countries including US,RUSSIA to form a syndicate to raise the prices. Otherwise,They cannot sustain below sub 45 $ for many years.

US OIL My Revisit on FIB says different thing altogether on invalidation of earlier idea posted.

XAUUSD : Passive grid trading:1305 buy hit, 1294 and 1316 now in Focus.

BPCL : Fuel bills paid back if you own this stock.

BPCL is in growth trajectory with periodic profit booking.
Should own this stock in oil and gas space.
My Idea;

As marked in the indicators chart and studying the correction method here,
there is not much to take into consideration and calculation.

0.382 correction given the stock support at 490 which is now my stop.
0.618 resistance at  546 shows the stock will reach new LTH.

Buy cmp 506 and add on dips till 495 stop 487.

FIB congruence seen at 648.

Target set at early exit  636/642.

26% upside seen.

SBI; Bleeding bank

No analysis required .
Only exit target needed.

Short Term FIB congruence seen at 254.
Long term FIB congruence shows 240.

No interest.

KOTAKMAHINDRA BANK ; Locker filler

KMB; Have you ever seen steep correction in this stock ?

Very careful bank silently growing the balance sheet and investors locker.

No portfolio can miss this stock.

My idea ;

Just bought at 1035 when it broke R.H with RSI looking up.

Technical parameters;

MACD Histogram rising below zero line
RSI looking up
STOCH  may cross
Broke Recent High.

The case on examining intuitively bought.

I have set my early exit target 1146.
Correction here: 1117

GAIL- Lot more price pumping forward.

GAIL ; looks attractive on chart.likely to gain momentum forward looking for LTH.

Technical parameters;

MACD signal cross above zero confirms wave 4 over and wave 5 is on.
RSI - looking up above 50
Stoch - Midway.

This is a clear buy now 0.382 - 398 will act as support in any crash event.
Will buy at cmp 414 and on dips 398.

now setting target,FIB confluence seen at 521.
Wave 5 and Gann target seen at 509.

My exit set at 509.

23% upside seen which is good for a Nifty blue-chip stock 

DOW : My beloved Americans; Be cautious.Dow approaching very strong resistance 22960-23005.Correction awaiting.

15370	123.9758	135.4622	135.4622	135.4622	135.4622	135.4622	135.4622	135.4622	135.4622	135.4622	135.4622
	11.13444	11.63882	11.63882	11.63882	11.63882	11.63882	11.63882	11.63882	11.63882	11.63882	11.63882
	0.1125	0.225	0.3375	0.45	0.5625	0.675	0.7875	0.9	1.0125	1.125	1.2375
	11.24694	11.86382	11.97632	12.08882	12.20132	12.31382	12.42632	12.53882	12.65132	12.76382	12.87632
	126.4937	140.7503	143.4323	146.1396	148.8723	151.6302	154.4135	157.2221	160.0559	162.9151	165.7997
	16000.66	19810.64	20572.82	21356.79	22162.95	22991.72	23843.52	24718.77	25617.9	26541.34	27489.53
18325	135.3699	135.3699	135.3699	135.3699	135.3699	135.3699	135.3699	135.3699	135.3699	135.3699	135.3699
	11.63486	11.63486	11.63486	11.63486	11.63486	11.63486	11.63486	11.63486	11.63486	11.63486	11.63486
	0.1125	0.16875	0.225	0.28125	0.3375	0.39375	0.45	0.50625	0.5625	0.61875	0.675
	11.74736	11.80361	11.85986	11.91611	11.97236	12.02861	12.08486	12.14111	12.19736	12.25361	12.30986
	138.0004	139.3251	140.6562	141.9936	143.3373	144.6874	146.0437	147.4064	148.7755	150.1508	151.5325
	19044.1	19411.48	19784.16	20162.17	20545.58	20934.43	21328.77	21728.66	22134.14	22545.28	22962.11

XAUUSD: Grid pending order buy - 1305 triggered

L &T - Giant looking to stand tall,building blocks up.

L& T : Engineering giant and future defence weapons manufacturer,building blocks up.

No portfolio can miss this bluechip stock.

My ideas;

Technical parameters:

RSI,STOCH already moved up.
The question before me is can it move above ATH?
MACD says yes.

Buy CMP 1218 and on Dips.

now on discussing target FIB congruence seen at 1563.

I plan to exit early at 1557

28% upside seen.Impressive.

INFRATEL : calling

While every other guy looks at JIO,this tower calls for a buy. How ?
My explanations below:

Technical parameters:

MACD ; likely wave 1 of wave 5 on the anvil, rising histogram below zero.
RSI: Above 50 and upward reversal seen.
STOCH: Long 25,short 34 calling it a BUY.

Buy CMP - 384  and on dips

FIB congruence seen at 540
0.382 completed at 282.

All points to a possible wave 5 target of 540.

I will exit early at 533.

39% upside seen.Looks a good buy.

HINDUNILEVER ; seems lever will be removed to get it down.

Below is my idea on HINDUNILEVER.

The chart tells me wave 5 is going to end and correction ahead.

Technical parameters:

MACD: Above zero line, histogram falling
RSI: Quite interesting to note while price moves up it is going down, indicating a possibe divergence.
PVT: not in line with price.

Price-action last few weeks suggest consolidation and distribution happened which is wave 4.

Leading indicators and FIB congruence suggest wave 5 is on and it will end 1325-1328.

CMP 1246 ,early exit 1322.70 indicating 6% upside, but shorting is an ideal move.

No buy.

HINDALCO ; All time high ahead

I will explain my idea on HINDALCO.

The stock is near its all time high in the last ten years. Will it fall from here?
The answer is with MACD.

Technical parameters
MACD : No divergence seen and looking up.
RSI : High
PVT : Steadily rising .

I will buy the BO : 257 and on corrections.
FIB congruence seen at 326.

	252.85	198.9	210.35	83.1	165
326	73.15	127.1	115.65	242.9	161
58.8	-194.05	-140.1	-151.55	-24.3	-106.2
	-0.37696	-0.90721	-0.76311	-9.99588	-1.51601

.

Early exit advised at 324.75.

26.4% upside ahead.

ITC : Holding is injurious to wealth.

Chart self explanatory.

XAUUSD; My GRID plan and passive trading.

1296 is BO.
1447 is Target.
1440 is early exit.

I want to keep my trades simple.
My FIBS say 11 $ is a good grid.
This grid stop is 1260.

BUYING GRID
1294
1305
1316
1327
1338
1349
NIL
NIL
NIL
1393
1404
1415
NIL
NIL
1440	Exit all
1446	Short
1453	short

COAL INDIA : Fumes seen.fire will rage soon.

I will discuss now COAL INDIA.

Seeing this chart,amazed at the power of 61.8.
When I explain, you will be astonished.

Technical parameters

MACD signal cross happened in First week of Sep.
RSI upward
PVT up but shows momentum is still lacking.

Now have to check confirmation of downtrend closing .
448 -233 is full FIB cycle and looking at a new trend confirmed by indicators pointing up.

Now it is clear buy and early entry suggested before momentum steps up.
Buy 259 and on dips.

Now we go to target setting.
61.8 of the Previous downtrend is 315.20 and a Horizontal line is plotted.
You can see the line passes through the lows of two candles at different periods
and are marked with flags.

Can you see the big Gap-down there? MAGIC of 61.8.

Now that is my target with an early exit price of 314.85.

21.5% upside.

VEDL : Pain ahead.Exit holdings.

I express my views on VEDL,the company I admire.

All indicators point downwards.My fibs indicate a midterm uptrend cycle has ended.
Correction has started. My initial thought was is it advisable to enter a correction?
My levels shows  abc correction, " a " possibly at 287-289 and " c" at 257-259.

I will Sell VEDL 320-325 stop 333.75  with targets of 291 and 261

NIFTY : WEALTH CREATOR- FIB Analysis for next two weeks.

The support yesterday 10043 gives us the next Fib target.

Early exit planned at 10367.

BAJAJ AUTO : Indian Mobike Ideas; ON THE RIDE

My idea on  BAJAJ AUTO;

Technical parameters:

MACD signal crossed,rising above the zero line.
RSI above 60
PVT crossed the trendline.

The move already started and traders have taken positions (Long).
This scenario is in buy mode,buy on dips too.Buy at 3025

The work is to set the target for short term.

The congruence of FIBS seen at 3425 and the early exit set at 3415.

13% upside seen. 

India's Oil Giant : ONGC; Analysis

I will discuss my idea on ONGC.

Technical parameters:
MACD - Signal crossed yesterday.
RSI- above 30 but trend confirmed if it goes above 50.
PVT- divergence points trend has started.

Though the stage is early,I would like to trade on confirmed opportunities.
When FIB ratio applied,it is inferred it has to decisively cross, 0.382, which is 168.20.
with cushion of 0.119, the price which I would like to buy is above 169.25.

While every other stock in oil and gas space has moved up,this one has been a laggard for many
weeks. While the upward price move can be because of shorts covering and some buying, we have to
wait for the momentum.

For that we have to wait for the prices to trade above the previous week high 167.85.

Coming to the target setting, we cant apply the standard FIB setting, but the other way round.
The weekly previous high,recent low candles fib are drawn.
The yearly low candle and the recent low candle fib are drawn.

Looked for the confluence and it is seen at 223.30.
Getting out early always advisable,223.30 minus -0.119 set at 221.75 .

And that is 31% yield.

If the stock triggers my buy price coming week , I assume my target will be achieved in 12 weeks,the candles counted from the year low counted as 0,all previous candles counted is 12.

31% yield in 3 months is better.

Thank you for reading.

RELIANCE INDUSTRIES

XAUUSD ; add on longs 1307, 1299

Nifty -Tomorrow ; My position

TechMahindra

WOCKHART PHARMA : Monthly chart shows wave 5 completed. Now 992 is target. Will Buy on dips 640, 595 with stop of 530.

congruence

24938	10134
25083	10197
25264	10239
25556	10305
25745	10370
26040	10411

10065,10130,10194,10235,10300 keys Nifty option

10134

10197

10236

10298

10337

10400

26040; My Bank Nifty exit.

17606.21386,22469,22996,23822,25198 high / low considered,

24800

25093

25274

25566

25747

26040

TATA MOTORS

XAUUSD; Hey Guys,Work on ultimate target,which many know .Do you know? Ignore minor corrections,ups.Check 1704. use your analytical skills.Find logical reasons.

NIFTY : FIB confluence 7894,9070 and 9685 seen at 10410.Take home your profits at 10393

TATA STEEL; 815-819 another 20% upside short term seen

I believe watching BSE/NSE stocks , more money got into and still going into consumption theme compared to any other sector, min 25% of total market value. Population value has more value than so called value investing, no concerns on valuations. This I like it.

WTI - HIGH PROBABILITY and PROFITABILITY TRADE

When I look at weekly chart,it appears WTI unable to break the channel line marked  in red as shown in the chart.

My trade idea is
aggressive short at 47.18 with stop 48.72
confirmed short at 45.50  with stop 47.18.
It appears to me it is on wave 3 of downtend on the cards.
Assumption is breaking 61.8 support.
Confimation is breaking  45.55 which is wave 1.
For both scenarios target is 37.60 likely end of wave 5.

Thanks for checking my views.

1.2092 EURUSD WAVE 3 Top. Dont buy any, keep short until 1.1765

SBIN : 267 is the clear bottom

Large banks: Icici bank completed its correction cycle and is on the beginning of wave 3, the complete cycle expected to finish at 350

10300 nifty on way

XAU USD ; The key reversal 1204 is 1359. 1357 done. 1321-1325 zone is correction reversals. Buy 1321-1325 for target of 1458

nifty near today's close

nifty update middle session

update