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US Dollar Moving towards 200 SMA

  • US Dollar is moving towards a resistance line and its 200 Day sma in daily chart.
  • first hurdle for dollar will be the resistance line. If price closes above it then it may test its 200 Day SMA.
Posted by San at 8:36 PM 0 comments
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ES Violates the support line

  • Support line discussed below has been violated. 
  • Price testing the support line 
  • Price has fallen below 50 Period moving average.
  • Break of the support line will add strength for bears.
  • NFLX WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
  • SPY VOLUME AND INDICATORS ANALYSIS
Posted by San at 5:53 PM 0 comments
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RELIANCE Triangle pattern

  • Reliance has given a breakdown from triangle and we saw price come down to 776. But there is no volume change. We have to see a volume breakout soon for validating this breakdown.
CHART-II
RELIANCE CHART-I
  • Reliance 15 Minutes chart in a consolidation pattern with price approaching the apex of the pattern.
  • Breakout or breakdown may give good direction for the stock and may affect the direction of nifty.
Posted by San at 2:39 PM 2 comments
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Nifty Futures intraday Update

  • Price is forming a broadening wedge pattern in hour time frame
  • Up moves from here if happens will be resisted by the top line of the wedge.
  • This fall may stop at 50 Hour moving average. There is a support near 4927 levels too.
  • RELIANCE INDUSTRIES ANALYSIS
Posted by San at 10:10 AM 5 comments
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RELIANCE Chart Analysis

  • The week that ended on Friday was very good for bulls or reliance.
  • But Next week bulls has to face strong resistance levels.
  • First one is the trend line resistance. They previous support level at 828 which may act as resistance.
  • Stochastic is entering overbought level. Price is about to hit the upper Bollinger band.
  • Most Important is the 50 Day Simple moving average at 824 levels.
  • For bulls price should close above 50 Day SMA.
  • Getting resisted at 824 - 828 levels can give a good short trade for reliance bears.
  • NIFTY WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
Posted by San at 6:58 AM 0 comments

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