ES Hourly cloud and 4 Hour chart

• ES Hour moving towards the hourly cloud which may act as resistance.
• 4 Hour chart shows a possible bullish candle which may give new high's for ES.

TESLA Chart analysis and trading levels

• The hourly triangle discussed in the PREVIOUS POST gave a false spike but price fell back to close the gap and a reversal towards the bigger pattern resistance line.
• Now the previous resistance line of the 4 hour pattern is crucial for bulls. Price if closes back into the pattern may result in bigger correction. In that case 637 and 626 levels are possible. Bulls need to stay above the previous resistance line to avoid the above scenario.
• Previous update on TESLA

Bank Nifty Trading levels

• Bank nifty 15 minutes shows the downswing. 
• Crucial levels for the day are 34500 on the downside and 34900 on the upside.
• For an upswing to start in smaller time frame price must sustain above 34900 levels.

TESLA Chart Analysis

• TESLA 30 Minutes chart shows price in a triangle contraction. Price is near the rising support line. If held price will remain in a tight range.
• 4 Hour time frame shows price in a range after a GAP. Staying above the gap may lead to a safe continuation trade for bulls But price fading the GAP and falling back to the previous resistance line cannot be ruled out as well.

S&P 500 Futures before opening bell

• ES Daily shows price above the 3 day range. Bears need price to close back into the range for a possible down move to follow.
• 30 Minutes chart shows price back above the cloud and taking support above it. Small dip below the cloud was negated quickly.

Bank nifty intraday update

• Bank nifty holding day lows may target 34900 and 35000 levels for the day.
• Staying below day lows may take price towards 34500 levels.
• 15 Minutes as shown in first chart is trending below the cloud But a minor upswing for today cannot be ruled out before the trend can resume.

S&P 500 Futures Daily and 30 Minutes update

• ES Daily shows price in a range. Hourly and daily close outside this range may result in bigger moves.
• 30 Minutes trend is broken for now. Price need to get back above the cloud for bulls to extend the run. 

 

 

 

NIFTY Ascending Triangle and trading levels

• Nifty one hour shows a bullish ascending triangle pattern. Price for now resting at the support line. 

•  Hour has to close and sustain above 15900 zone for bigger up moves to follow towards 16000 levels.
• Weakness will resume below 15790 levels. Bigger weakness if price falls below 15670 area. 

 

Bank Nifty Descending Falling wedge

 

• Updating My blog after few years. Corona has given pain and few free hours for many of us. So trying to give life to my beloved blog which had fallen silent for many months. I hope i would be able to update the blog frequently.
• Bank nifty hour shows a Descending Falling Wedge. This pattern mostly resolves in favor of bulls. Bulls need to stay above 35500 and 700 on closing basis for bigger up moves to follow.
• 15 Minutes chart shows Immediate support zone below which bears will regain strength.

Gold Top down analysis.

• Updating blog after a long Gap. Longest in the last 8 years. May not be able to update regularly for 2 more months to come.
• Gold bulls continues to struggle below the Daily cloud.
• Month chart shows the continuous falling from the triangle contraction. Possible support near the base of the triangle which is around 1130 levels. If that is not held then price may be heading down towards the swing low of year 2016 which is around 1050 levels.  

APPLE Weekend update

• Apple daily chart shows previous support lines acting as support. Bigger weakness for the stock if price closes below these lines.
• Month candle is showing weakness so far. Staying below 190 levels should lead to a bearish candle. Price getting back above 190 plus levels will be negative for Bears.
• MACD Shows recent failed cross in month time frame. A bearish candle here in Month time frame may lead to bearishness in the Indicator as well.

Sterlite Protest Gives a Monthly sell for Vedanta

• Vedanta Month chart with sell signals highlighted from year 2010.
• Past 2 sell signals along with MACD worked well.
• Current sell signals is accompanied by agitation against one of its plant in Tamilnadu.
• The buy signals in 2009 and 2016 have also worked very well with this set up. So its better to wait for such a signal to emerge to enter this stock. Till then its a sell.

NIFTY Chart analysis || 50 Day SMA and Bearish engulfing

• Nifty daily is trying to seek support at 50 Day SMA.
• Weekly time frame shows bears threatening with a Bearish engulfing pattern at the top. But this Bearish pattern needs help from 50 Day SMA. If 50 Day SMA does not hold in daily time frame then the Bearish engulfing in Weekly time frame will be effective.

Punjab National Bank Month chart Analysis

• Punjab National bank Month chart shows support at 69 levels if that is not held then 57 levels are possible. 57 Levels are last seen in Year 2009. For long term bulls of the stock crucial to stay above 57 levels.

BELOW ANALYSIS WAS MADE IN FEBRUARY 2018. A BEARISH "M" WAS SEEN IN CHART @ THAT TIME 

Previous Anlaysis of PNB: Link

CRUDE Oil trend update | 200 SMA and Month resistance lines

• Daily trend continues to favour bulls. 3 times price tested the cloud But bulls managed to hold one. Larger trend will remain safe till price stay above daily cloud.
• Month chart with Fib levels shows a possible target between Golden ratio and 78.6% Retrace level. This level also coincides with some of the falling resistance lines from 147 levels.
• But major event to look out is the move above 200 SMA. In Month time frame this event results in Major directional moves.

ES Chart analysis before opening bell

• ES Daily shows triangle breakout. But Bulls must stay above some more hurdles to claim it as a genuine breakout. Bulls are also not showing enough momentum yet. Having said that staying above 2720 levels can given them momentum.  Bears may look at a double top opportunity around  2720 levels. 

ES Charts after closing bell | Triangle and Moving average

• Price continue to stay in the apex of the pattern. Looks like it will move to the edge of the Apex before a breakout or breakdown could happen. Since its a triangle false moves are very much likely to be seen.
• Overhead resistance at 50 and 100 SMA. Close above these lines may hint of strength. Remaining below it will favour bears.  

CRUDE Oil chart update | support zone and 200 SMA

• Crude oil bulls will remain strong above 66 Levels. More important Bulls will remain strong above 200 SMA (Month).
• April month candle trying to close above 200 SMA. If successful it will be a crucial event for short term crude oil prices.

ES Analysis after closing bell | One hour resistance areas

• Price testing one hour cloud.
• One hour also shows price nearing 100 Hour SMA and Golden ratio which may act as resistance levels for bulls.

ES Daily one hour and 30 Minutes charts

• Daily chart shows the down swing. Possible targets or support levels are 2590 and 2550 levels.
• One hour stands below the cloud. Bears safe till price stay below hour cloud.
• 30 Minutes chart shows resistance level for the day. Bulls need to stay above 2639 levels for a possible bounce.