MCX Crude Oil-Bullish Nen Star

CrudeOil EW Counts 14 Oct

MCX Crude Oil EW Counts:

MCX Crude Oil Analysis - 23 Sept 15

MCX Crude Oil Analysis

Zinc Bullish Gartley Pattern - 14 Spet 15

Zinc Pattern:

MCX Lead Analysis - 14 Sept 15

Lead Analysis

MCX Crude Oil Analysis - 9 Sept 2015

 MCX Crude Oil Analysis:
If we observe MCX Crude oil's month chart, 5 waves are completed at 2577 from 7784. There is positive divergence in RSI and Stoch while making 5th wave along with bullish hammer in month time frame.
Prices may now look for reversal and in coming moths/years may make new high (above 7784) or just may correct this fall.
As per fibo retracement, prices may retrace at least 3806 (23.6%) to 4565 (38.2%) for the fall from 7784 to 2577 (as per chart below)

Now, if we observe weekly chart, prices were falling from 7784 to 2577 in channel and made bullish engulfing candlestick pattern in week time frame along with positive divergence in MACD, RSI & Stoch.

Prices may now test this channel resistance at 3260 (already tested and corrected for the rise from 2577-3260) and at 3423.

In Hour chart, prices made 5 waves from 2577 to 3260. Now as per EW and fibo rettracement, 2 possibilities have been marked in hour chart below. 

Option 1 - Correction for the rise 2577 to 3260 is completed at 2931 and 3rd wave started unfolding.

Option 2 - Complex correction is going on wherein wave (c) of b of 2 is unfolding.

In both scenarios, immediate direction of prices is up holding 2973.

Zinc Falling Wedge - 6 Aug 15

Zinc Falling Wedge - 6 Aug 15

Falling wedge is observed in zinc 60 mins chart. Lower trend line support is at 118.70 for current hour and breakout seems to be above 121.
Considering the oversold hour technical and positive div, the breakout above 121 could be highly bullish.

Patterns in Crude Oil - 27May15

In Crude 30 mins chart, bullish ww has formed and triggered at 3740 targeting 3820/3880

In Crude 15 mins chart, IHNS might be forming, where prices can retest the breakout point of bullish ww and give breakout on upside.

Patterns formed in Silver - 25 May 15

Bearish WW in Daily Chart:
Bearish WW has formed at 39220 in Daily Chart. Shorts are advised at cmp (38928) and keeping SL as day close above 39220. Targets can be looked as 36200 and below.

Bearish BAT Harmonic in Daily Chart:
Bearish BAT harmonic pattern has been formed in Silver Daily chart. Look for new lows in coming days.

CopperM and NickelM Chart Analysis - 1 Sept 2014

Copper M (CMP - 429.60): 
HNS pattern is being formed in Copper M 60 mins chart.
Sell below 428, T1 424.60, T2 416.75, SL 429.70

Nickel M (CMP - 1142): 
Nickel M broke out of triangle with volume.
Buy above 1138, T1 1155, T2 1184, SL 1129.30

Chart Analysis for 18 Aug - NickelM, ZincM, SilverM & GoldM

Nickel Mini (CMP - 1129.70):
It has formed +WW pattern and triggered in 60Mins chart.
Buy above 1126 (2 60mins closing basis), Tgt 1185, SL close below 1126 (60 Mins closing basis)

Silver Mini (CMP - 43322):
It has formed Bullish Butterfly pattern in 60Mins chart.Buy above 43328, T1 43427, T2 44070, T3 44340, SL below 43080

Zinc Mini (CMP - 138.20):
It has formed +WW pattern and yet to trigger in 60Mins chart. 
Buy above 139.30 (2 60mins closing basis), Tgt 144.60, SL close below 139.30 (60 Mins closing basis)

Gold Mini (CMP - 28489):
It has formed +WW pattern and triggered in 60Mins chart.
Buy above 28400, Tgt 28700, SL close below 28400 (60 Mins closing basis)

Chart Analysis for 28 July - SBIN, IDFC, NIfty and GoldM

SBIN:
SBIN has formed +WW pattern and will trigger with the 2-60 Mins close above 2500 for the 1-4 target line at 2575+.
Min tgt will be 2542.
SL will be 60 mins close below 2500.

IDFC
IDFC has formed and triggered -WW pattern on day chart below 158.30 for the 1-4 target line at below 120.
Min tgt will be 146.20.
SL will be a day close above 158.30 (1-3-5 line).

Nifty:
Nifty is forming bear flag in 5/15/30 mins chart. This pattern will trigger below 7748 with T1 7720 and T2 7655 keeping SL at 7762 post trigger.(ignore tgts given in chart)
This pattern will get invalid above 7806-10

Nifty
Nifty has formed and triggered -WW pattern in 5 mins chart below 7792 for the 1-4 tgt line around 7750-40.SL will be 5 min close above 7792.

If Nifty goes below 7746-40 and takes U-turn, then +WW pattern may trigger (aprx above 7746), targetting 1-4 line aprox at 7810+. This is valid if nifyt do not go above recent high i.e 7800+ else tgts adn pattern may change

GoldM
GoldM has formed +WW pattern in daily chart and triggered above 27270 for the 1-4 target line at 33000+. SL will be a day close below 27270.