We recently wrote an article explaining why we were shorting gold a few days ago. The price action suggested gold is headed lower in the near term but unfortunately the price spiked in the opposite direction and we ended up losing the 2% capital that we deployed on that trade. Shorting Gold Again However, after hitting our …
As subscribers of The Logical Traders would know, we have a bullish outlook on crude oil for the next two years. We wrote an article about oil price possibly doubling by the end of 2022 on 4th January that you can read by clicking here. Since we wrote the piece, crude oil has already shot up …
We’re Buying Crude Oil Because of this Wonderful Setup Read More »
We’ve stressed multiple times to all our clients and subscribers that the best trades are the ones where technical analysis aligns with the macro environment and/or fundamental analysis. And our last crude oil trade proves just that. We went long crude oil on MCX at roughly Rs 3,850 just a few days ago on 1st …
Making a Profit of 10% in Just 6 days on Crude Oil Read More »
We’re buying Allsec Technologies at the price of Rs 340 and there’s not a lot to explain in this trade that isn’t evident by a chart of its price action. We have also tweeted about it. The stock is breaking out of a nice ascending triangle pattern on heavy volume. It also resembles a nice inverted …
We’re going long Zensar Technologies at the price of roughly Rs 243 and we have tweeted about it as well. As evident from the chart of the company, you can see that it has been consolidating very neatly into a symmetrical triangle pattern since December 2020. Apart from the big base forming since December, you can also …
We’re Buying Zensar Technologies Because it Makes Sense Read More »
This won’t be the first time that we’re going long the USDINR this year. We went long once earlier this year , mainly to hedge against our long commodities positions, but we were stopped out. However, we have had our eyes on the USDINR pair ever since then and had been looking to go long when the right opportunity …
