AMAZON Trend Analysis

• Amazon weekly chart shows price at the rising support line.
• Weekly stochastic looks oversold. But price yet to confirm a reversal candle.
• Hour chart continues to favor bears as it trades below the cloud. for bulls of amazon price need to stay above the hourly cloud.

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GOLD Bearish flag

 

 

• GOLD One hour chart shows  a bearish flag pattern.
• Price sustaining below 200 Hour SMA and cloud will favor gold bears. 

BANK Nifty chart update

• Bank nifty daily chart falls below 5 Day Low EMA after a long gap.
• MACD Lines in daily time frame looks weak But price needs to stay below 20 day SMA For this setup to work well for bears.