My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 12, 2013
ES Chart analysis
- ES is sustaining below 4 Hour cloud.
- Daily chart shows price below 20 Day SMA.
- Next crucial support zone is shown in 2nd chart. For bears a bigger fall will be possible on breaking this level.
- TRIANGLE of Google
SBI Analysis before quarterly results
- SBI Daily chart shows price consistently getting resisted near 5 Day High EMA. Last week's attempt to stay above this level has failed.
- Daily chart shows an inside day pattern which may work for bulls or bears. Levels are bullish above 1729 and bearish below 1636.
- Weekly chart shows price moving towards 1571 - 1590 zone which is a critical support level in weekly time frame.
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