- ES nearing crucial support zone. Weekly trend line is broken but the bullishness will remain till price break below the shaded support zone shown in 2nd chart. Price staying below the weekly cloud will also keep the bears interested.
- Resumption of the major trend if price moves back above the weekly cloud.
- FACEBOOK BEARISH ENGULFING
September 30, 2015
September 29, 2015
- Trend of tata steel remains strongly in favour of bears But for bulls there is hope in 190 levels. Month chart shows price holding on to this level so far But there isn't any signs of strength yet which is a sign of worry for bulls.
- There is positive divergence but the bounces are small and new lows continues to be formed. 190 levels if not protected will be big negative event for bulls of Tata steel.
- TATA MOTORS CHART UPDATE
September 28, 2015
- Gold daily shows a triangle pattern. Volatility likely to increase as price is likely to move out of the triangle soon. Price sustaining below 200 SMA will favour gold bears. Any bullish moves are likely to be small as price in weekly chart is trading close to the cloud which has been acting as strong resistance for many months now.
- FACEBOOK BEARISH ENGULFING
- Tata Motors daily chart continues to give new lows and staying below the cloud. no possibility of a bigger reversal till price stays below daily cloud.
- There is hope for a reversal as price nears monthly cloud. But that will remain a hope till we see a monthly bullish candle at this level.
- Weekly chart shows price testing crucial support zone at 300. Below this level bigger corrections are possible. Bulls need to stay above this zone.
September 27, 2015
- Facebook daily shows a bearish possibility. MACD shows a possible bearish cross in the making which may give a correction.
- Weekly trend continues to remain intact above the cloud. Few weeks back the cloud was tested but it acted as strong support. So unless break below weekly cloud bigger corrections will not happen.
September 25, 2015
- ES Daily in a small range between 23.6% And the golden ratio.
- Week is consolidating below 50 Week SMA. As long as price stays below this line there is a chance of a bigger fall in favour of bears.
- Month chart shows the possibility of a fall towards 1500 - 1600 zone if price breaks below 23.6% Fib level.
September 24, 2015
September 23, 2015
September 22, 2015
September 21, 2015
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