ES Chart analysis

 
 

• ES Daily chart trading below 20 day SMA.
• Daily chart shows support near lower bollinger band.
• Hour chart shows price bouncing from 78.6% fib level. More falls on breaking this level. Holding this level an intraday up move possible.

NIFTY intraday update

NIFTY WEEKLY CHART

• Nifty fall pausing at 50 Day SMA.
• Breaking day low and 50 SMA could fill the GAP shown in 2nd chart completely and may target 38.2% Fib level at 5188.
• For bulls price must get back above 23.6% Fib level to avoid a bigger fall.
• Shooting start shown in weekly chart has been doing well so far.
• TATA STEEL CHART ANALYSIS

TATA Steel chart analysis

• Tata Steel daily chart shows a Head and shoulders breakdown.
• Weekly chart shows price violating crucial support at 382.
• Bulls of tata steel badly need an intra week rally to close the week above 382.
• Next major support at 331 levels. 78.6% at 367 levels may act as a support.
• NIFTY WEEKEND UPDATE

EURUSD Resistance levels

• EURUSD Weekly chart continues to get resisted at 20 Week SMA
• Daily chart shows price moving up in a channel. There will not be big falls as long as price continues the up move in the channel. Holding the channel support line up move may continue to till 1.27 levels.
• Major resistance at 200 Day SMA.

ES Chart update

• ES Four hour chart shows price contraction which may give a bigger move soon.
• Second chart shows the support and resistance levels.
• Last chart shows fibonacci levels and target areas.

ES Support and resistance lines

• ES Daily chart with price inside a channel. Price is trading near the upper side of the channel.
• Closing the day below 20 SMA could extend the call.
• 4 Hour chart shows crucial support and resistance lines which has to be broken for a bigger move to happen. 

SILVER Trend update

• Silver hourly chart will continue to trend up on sustaining above 50 Hour SMA and Hourly cloud.
• Turnaround in daily chart too will be safe on sustaining above 200 Day SMA. Daily close below 200 day SMA may turn things in favor of Silver bears.
• CRUDE OIL CHART UPDATE