- Silver Weekly chart shows previous support acting as resistance
- Silver daily chart has 200 SMA as resistance. Price unable to stay above 200 SMA.
- Crucial support for Silver bulls is the daily cloud. Bulls must sustain above the cloud to avoid bigger falls.
- Strength above 499
- Further weakness below 465 and 458.
- Closing outside the smaller triangle in daily chart may also give the next direction.
- Stock is moving in a bigger weekly triangle. within this Triangle price may move up towards the falling resistance line.
- Weakness in weekly chart at 100 Week SMA
- More weakness if 200 Day sma is broken
- 4 Hour chart is showing a possible Topping pattern. Bulls need to get back above this pattern to avoid bigger falls.
- ES Daily testing 200 SMA again
- For Bulls of ES The support levels shown in 4 Hour chart needs to be held.
- One hour is trending below the cloud.
- Bank nifty Month chart yet to show any weakness.
- Weekly chart has been diverging for quite sometime without any meaningful correction
- Daily chart has given a Pin Bar Reversal candle which may be the start of a correction. This candlestick pattern needs to be confirmed with bearish price action.
- Nifty month chart shows no weakness yet.
- Bearish candles during this up trend is followed up by bigger bullish candles.
- The resistance line shown above has to work for bears to stop the current up move. If price closes outside the boundaries of the wedge pattern, Bigger up moves are likely.
- Reliance power has moved above the falling resistance line shown in weekly chart.
- Daily chart shows a range breakout targeting 68 levels.
- 68 is former support may act as resistance now. For bigger up moves price must move above the daily cloud
- Gold Testing weekly cloud. Price is pausing at the cloud and 100 Week SMA
- For now bulls are staying above 200 Day SMA. Some weakness is seen in 200 SMA. Bigger worry for bulls only if price falls back below 200 SMA.
- Nifty moving towards its resistance line with Negative divergence in RSI.
- As price is still in a bull market. The resistance line may give another correction for the bulls to reenter.
- Weakness only if price sustains below 8626 levels.
- Gold Hour chart shows price with shaded support zone. Price falling below this zone may give bigger correction.
- Weekly resistance levels are yet to taken out by bulls. Gold bulls need a weekly close above these levels.
- SBI Testing recent swing high.
- Daily macd shows bullish signal. Price closing above the swing high may extend this up move.
- Weekly though is showing negative divergence which is negative in the Medium term.
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- Momentum in one hour chart continues to favor Bulls of Gold.
- Weekly chart is not helping bears with any major weakness. If the swing high in hourly chart is taken out a bigger breakout is possible.
- Tata steel daily time frame continues to be in strong down trend. Bulls continue to suffer from the Death cross. This will be effective till prices stay above 50 Day SMA. Hope for Tata steel Bulls only if price is able to sustain above 50 Day SMA.
- For now if the recent low of 372 is held a counter trend move towards the falling resistance line looks possible. One should look for weakness at higher levels. counter trend trades can be risky to take....
- Gold weekly chart shows price testing the cloud. Gold bears need a bearish candle at the cloud.
- 4 Hour chart shows Higher Highs and lows. Price yet to give a lower low for the current up move.
- Weakness on price closing below the hourly cloud.
- ES Daily chart shows price holding above 200 Day SMA
- 4 Hour chart shows price contraction. closing outside these lines may give faster Directional moves for ES.
- 4 Hour chart shows price trying to move above the cloud. Last attempt to stay above the cloud failed.
- Reliance industries if stays above the weekly support line shown in first chart can give bigger up moves.
- Price is stuck in a descending channel as shown in second chart. Bulls need price to breakout of this channel.
- Staying above 930 will favor reliance bulls. Weakness continues below this level.
- Silver trading above the falling resistance line.
- 18-19 zone and the weekly cloud will be big test for silver bulls.
- Medium term trend can only turn bullish on closing above these levels.
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