Zinc – Major Reversal Chart Pattern in Forming.

zincweekly

Now zinc is trading around 2290 on lme & as we can see on weekly chart, there is a strong probability of an ABCD reversal pattern. If we look at daily chart , we find some reversal candlestick pattern also as well as indicators trading in over bought zone. We also witness a 261.8% feb correction just above the ABCD pattern finishing line. We probably use it as stoploss.

Time Machine – Relative Time Vs Relative Price

time machine

.Time demonstrates its power to bring certain far reaching transformation on our life and therefore its potential could be harnessed or tapped for useful purposes.Time is not just metric like dead weights or measuring balances of vegetables vendor. Time has life and is power.

SILVER COMEX and SILVER MCX Trading Near to SUPPORT

Silver COMEX 2-April-2013

SILVER MCX (2-April-2013) on daily charts seems to be trading near to Strong support zone 51300-51100, As SILVER today has a faced major Correction, SomeĀ Relief Rally is likely and Risk and Reward Ration on initiating a Long Position at current Levels will beĀ favorable.

QTStalker – Open Source Trading software for Ubuntu 11.10

Screenshot-Yahoo Prefs

Qtstalker is a user friendly Technical Analysis package for GNU/Linux (and hence other Unix-like systems). Similar to commercial wares such as Metastock, Supercharts and Tradestation. Keeps to a lean, simple design for speed, portability, and low resource usage. Because it uses a plugin model, Qtstalker can easily be extended.

USD INR 4 Hourly Chart Analysis

usdinr

USDINR – 4 hourly chart is shown with 13-13 period Wilders Moving average channel offset trading system. Ruppee Continues with the buy signal since 8th Nov 2011 on the chart with the 4 hourly support coming around Rs. 51.7.

Nifty Technical Analysis 14th Dec 2011

Nifty trending in downward channel both short term and long term. It is just in last few minutes before end of the day that Nifty gave unexpected move. These kind of moves for few minutes, I don’t confirm this as a good rally. It wont change our technicals as well.

Nifty Technical Analysis Dec 1st 2011

SNP nifty daily

Nifty opened negative in the morning and continued to play in the range of 4750 to 4850 since 3 sessions. Good for option-writers who started to eat premium as they are high in the beginning of the series. FNO turnover also quite less in the last 2 sessions. Now the key support on the downside is 4740 and close above 4860 only can unfold further move upside.