How to trade Commodities - Gold, Silver, Crude Oil, Natural Gas

Easier to Trade - Commodities or Indexes or Stocks

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praveen taneja

praveen taneja

Well-Known Member
#2,842
#2,842
uttamkamlesh said:
You are not tukkist Praveen...you know very well what u r doing.:D..
Anyways, how did you know it is accumulation going on.
Click to expand...
there were many things visible at that level:thumb:

1. OI coming down when price not falling means short covering

2. All supply was absorbed and near 415/415.50 no seller was coming

3.suddenly buyers were more then sellers which was not for many days

4. tgt was last mnth low 417 which broken and all lallu tukka players became short there:p

5. Last Not the least there were few long left there so smart money had no use going down now short covering pending to cross 426:)
 
M

murthyavr

Well-Known Member
#2,850
#2,850
RAAMAKANT said:
UTTAMJI, can you please check this chart ? I am little confused about this WW, is it correct or not ?

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Raamakant,

No bullish or bearish WW in this area in SBIN.

However, the pattern conforms to Uttam's Method of Selling (UMS). It made a
LH and LL and is now ready to be shorted, with target at least up to 2050.

If that is fulfilled, perhaps we may look for a bullish WW then!
 
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