The commodity/ currency market has generated some decisive price action last Friday. A quick chart check below to keep you on the right side of the trade. ✅ Gold, Silver, Platinum : All 3 precious metals seem to be moving in tandem showing similar positive price action last Friday. All 3 had an emphatic breakout above a small narrow range within a larger 1-2-3 bottom pattern. Strong probability of a bullish breakout from the pattern shortly. Daily chart of Silver Futures show

Over the past few months, US indices have mostly been moving sideways. Yes, they’ve made new highs a couple of times — but each time, the move lacked follow-through. The clearest example was the DJIA breakout attempt on 6th February. It printed a strong bullish candle and closed outside the range. But the move didn’t sustain. Within a few sessions, price slipped back into the range — what we call a buy failure. Typically, a buy failure is a strong sell signal that can lead to

Nifty formed a small bullish candle last Friday that looks like a hammer within the support offered by a massive gap up of ~1200 points last Tuesday after the Indo-US trade deal was announced in the late hours on Monday. Daily chart below. Nifty daily chart showing a hammer formation at support last Friday It is also a small sell failure that breached a small 2 day range before reversing and closing strong on a Friday near the day high, right at a prior horizontal resistance

Commodities on the boil - what do the charts say?

Last week, Indian markets sent out mixed signals, making the near-term outlook uncertain. A Reverse Hammer formed on the Nifty Futures daily chart last Friday, which also qualifies as a buy failure—a strong sell signal. Notably, this was the second close below the previous pivot low of 7th November, which is clearly not encouraging for the bulls. Nifty Futures daily chart showing a Reverse Hammer closing below support However, Bank Nifty tells a different story. It posted a c

After a very choppy December with numerous false signals, Nifty finally broke out of a range last Friday to close at an All Time High generating a Triple Top buy signal on the weekly chart. Weekly chart of Nifty showing a strong triple top breakout The broader market has performed in tandem. Consider below: ✅ Banknifty has also closed at a new ATH last Friday. The weekly candle is a long Bullish Engulfing that engulfs the prior 5 candles , a strong buy. Weekly chart of Bankn

Hello everyone! There’s a lot to talk about with the extraordinary rally in precious metals, especially Silver and Platinum . Silver continued its fantastic run last week, marking the fourth straight week of gains after breaking out of a 7-week consolidation . Over the past four weeks, prices have moved almost straight up, rising by about 33.5% . And the momentum doesn’t look over yet. Silver gave a fresh buy signal last Friday , closing at the high of the week , which keep

On Friday, the charts of Nifty and global markets moved in opposite directions, making it difficult to form a clear view for the coming week. Let’s break it down. On the Nifty daily chart, the index broke below a trading range earlier in the week but quickly reversed on Thursday and finally closed back inside the range on Friday after a gap up open. This is a classic false breakdown, where the price action pushes decisively northwards. Nifty Daily chart showing a reversal fol

Silver hit a new all-time high last week after breaking out of a cup-and-handle pattern. Friday’s strong green candle closed near the day’s high, showing solid momentum. Based on this breakout, the charts point to another 8% upside. Daily chart below. Gold, though not so strong as silver, is setting up well to break out of a 1-2-3 bottom pattern, possibly as early as next week. Daily chart below. Notice that Silver has considerably outperformed gold in the past few weeks. Wil