TATA STEEL Chart analysis

 

• Most of the big moves are getting resisted at 50 Week SMA.
• Daily chart is showing resistance at 50 Day SMA.
• Crucial support for the stock in weekly chart are 388 and 382.

ES Update

• ES Four hour line chart shows price falling below 50 period SMA which may extend gains for bears.
• Price has fallen below 200 Hour SMA which will favor bears.
• Hope for bulls is the Golden ratio which may act as support

EURUSD Chart analysis

• EURUSD up move was stopped by the 50 Day SMA.
• Resistance levels was also a previous support zone in daily chart.
• Following the news EURUSD was highly volatile at one time the hourly candle did a 200 PIP move. It was a false move price now back into the hourly channel.

ES Chart update

• ES falling off a cliff and testing the 200 Hour SMA.
• A Pullback may happen from the 200 Hour SMA or the Golden ratio. 

S&P 500 Futures chart update

• ES Hour chart shows a possible bullish flag pattern.
• Price is testing the cloud. Breakout above the cloud may give a spike towards the shaded resistance zone.
• Daily chart is shown with previous resistance level which is acting as stiff resistance.

NIFTY Chart analysis

• Price is trying for a weekly cloud breakout. Recent attempts to sustain above the cloud has failed.
• MACD is getting ready for a buy signal. But the GAP near 78.6% Fib level may act as resistance.
• For  a bigger up move a weekly close above the levels shown in last chart is needed.
• GOLD FALSE BREAKOUT

APPLE Chart analysis

• APPLE Hour chart shown with resistance zone from 613 - 619 levels.
• Daily chart shows resistance near 78.6% Fib level.
• Crucial support in daily chart is 20 Day SMA. Closing the day blow 20 SMA should result in a correction.
• GOLD FALSE BREAKOUT