BIDU Triangle breakout

CHART-II

CHART-I

 BIDU RESISTANCE LINE

• BIDU has given a consolidation breakout in daily chart.
• For the breakout to be valid the resistance line shown in daily chart has to be broken by the bulls of bidu for bigger gains to happen.

ES Hour chart analysis

• ES hour is showing a high of 1296 and low of 1283.
• Price violating 1283 will lead to the 200 hour moving average.
• Hour closing below 200 hour moving average will favor bears.
• CRUDE OIL CHART ANALYSIS
  
  

Triangle and Channel of Nifty Futures

• First chart shows the triangle pattern in four hour time frame which is yet to give direction.
• Next chart shows nifty in a small channel within a larger pattern.
• Today's move is likely to get exhausted at the resistance line of the small channel. 
• If price break out of the small channel Nifty may target the resistance line of the larger pattern which is above 5600 level.

Nifty Futures Intraday update

CHART-II

CHART-I

• Nifty Hour took support at the bottom support line as shown in CHART-I and is now moving towards the the Resistance line.

RELIANCE Industries analysis

• Reliance Industries daily chart is consolidating between a support and resistance line.
• Breakout above the resistance line along with 200 DMA can give good profits for bulls. Opposite scenario can give good direction for bears as well.
• CRUDE OIL BREAKS THE RESISTANCE LINE
  
  

ES Hour chart analysis

ES HOUR CHART

• ES Hour does a bullish moving average cross. 50 is above 200 hour moving average.
• Now for bulls price should not dip below 200 hour moving average. Closing below 200 hour moving average will turn things in favor of bears.
• Price sustaining above 50 hour moving average can give an up move towards 1296.
• Price slipping below 50 hour moving average will be negative for the bulls.
• CRUDE OIL CHART ANALYSIS