how much return you expect from commodity market

[zoozu]

Hi ashwaniji,
can u pls pls tell us the way how u calculate support and resistance once again even if u have told us before.we will be very very grateful.
regards

 

[ashwani chadha]

I am still holding it with a SL of 52300...

as ur stop loss is now slightli below lower support,now u should stick to it,it will be ur win as eod trader

 

[ashwani chadha]

Its been 10months now... are you close to your target?
just curious

in stead of 10000,i just started trading with 4300/-on 1.4 2011,i am still in the range of 30000/- and need 6.5 fold jump more to convert it 2 lakh,and i have 5.5 month more with me to achieve the target set for me,i will try my level best,rest i leave to god,my job is to do hard work,that i am doing
when i started my thread ,then i was of the view that i will be able to convert 10000 to 2 lakh in a year
but on 1.4.2011 i actually started doing practical with 4300/- and then my target was to convert it to 4.3 lakh 100 fold jump in a year,now i am running for 4.3 lakh another 15 fold is required to achieve the target.i am just trading in five mini lots-no main lot as my funds dont permit me-thanks for the post

 

[Niranjana]

A case of breakdown failure at support area.The price breaks supports and then buyers push the price back .Now the price breaks the high of that breakdown bar thereby trapping shortsellers.

The resistance is at 5800 .Lets see how well it goes.

Our 1st target of 5800 is reached!!!.

Ashwani Sir- other day you have asked me on what basis I have made entry.I will explain it with this same chart in our other thread along with our usual discussion.

 

[Niranjana]

Above is an hourly chart of Silver Mic.

When The Silver was going towards Gujri,Bargain hunters came with good no of buy orders to fight with Beers.

I have drawn 3 lines. We shall go from Bottom

1.yellow line :52500 was first hurdle and its been crossed by Bulls and the same is now hit twice which remains a good support.

1.Magnetta line;54500.Again its been hit by bulls twice to end up with beers dominating with basket of orders.As of now it remains a strong res.

3.Blue line:56000:If at all we cross the res of 54500.Bulls next target will be 56000.

A strong bulls day ,then a deep retracement shows that No party is in a position to dominate.Both are strong within their territory.The one whose weapon lasts long will be winner.

 

[ashwani chadha]

Above is an hourly chart of Silver Mic.

When The Silver was going towards Gujri,Bargain hunters came with good no of buy orders to fight with Beers.

I have drawn 3 lines. We shall go from Bottom

1.yellow line :52500 was first hurdle and its been crossed by Bulls and the same is now hit twice which remains a good support.

1.Magnetta line;54500.Again its been hit by bulls twice to end up with beers dominating with basket of orders.As of now it remains a strong res.

3.Blue line:56000:If at all we cross the res of 54500.Bulls next target will be 56000.

A strong bulls day ,then a deep retracement shows that No party is in a position to dominate.Both are strong within their territory.The one whose weapon lasts long will be winner.

100 % perfect reading of the charts,one thing which i will add,bulls started accumulating at 49945,by the time war started ,they were quite comfortable

 

[Niranjana]

The action within those 2 vertical lines for me is accumulation by bulls

 

[Niranjana]

The action within those 2 vertical lines for me is accumulation by bulls

In the above chart I have drawn a lower trendline and upper trendline.

Now below is zoomed 60 Min chart.Just watch the price is approaching lower trendline .What would be your decission?

 

[Niranjana]

Lets go to london market.

Gold is holding on to its trendline. Rule:When in uptrend buy when it hits trendline downside. Vice versa for downtrend.

 

[ashwani chadha]

The action within those 2 vertical lines for me is accumulation by bulls

u are 100% correct from 25891/-bulls started accumlating gold