NIFTY Chart analysis

 

• Nifty Daily chart getting ready for an up move from the rising support line
• For bulls day must sustain and close above 50 Day SMA.
• Nifty week is poised between 50 Week SMA and Weekly cloud so a trending move may not happen until these levels are taken out.
• S&P 500 EOD ANALYSIS

S&P 500 Analysis after closing bell

 

 

• SPX Daily chart shows price breakout above recent high's.
• Daily Chart shown with a possible resistance line. For tomorrow the resistance line is near 1445 level.
• Weekly chart shown with a rising wedge pattern. Resistance line for the wedge is around the same level of that the daily chart.
• Price is likely to fall from the above mentioned levels.

EURUSD Resistance levels

 

• EURUSD Weekly chart shows price near falling resistance line from 1.45 through 1.32.
• Daily chart shows price nearing 200 Day SMA.
• Price moving up in a channel and nearing resistance levels. Daily chart also trying to form an inverted head and shoulders formation. So we might see a fall towards 1.21 levels before an up move could happen.

GOLD Resistance level

• Gold weekly chart shows a weekly broken support line which may act as resistance.
• Weekly fibonacci chart shows this resistance line and 50% Fib level at the same area. Breaking above this level will be difficult in case gold bulls cross this area then the target could be around 1770 - 1790 zone.
• Trading below 1685 should give a short trade. Sustaining above 1698 should favor gold bulls.
• SILVER TREND UPDATE

ES Chart analysis

 

• ES Daily trying to breakout above the resistance line
• ES Four hour chart price trying to stay above the cloud. Sustaining above the cloud will extend the up move.
• Last chart shows possible resistance levels for the up move.
• SILVER TREND UPDATE

TATA MOTORS Death cross an update

 

• Tata motors bulls need to sustain above the weekly cloud or Golden ratio. Breaking these levels will be negative for the stock.
• Daily chart shows bulls trying to form an Inverted Head and shoulders pattern. But daily also has given  a death cross which will be effective if price breaks below 203. 
• In short Tata Motors will be bullish above 252. Bearish below 203 and Neutral between these two levels.

SILVER Trend update

 

• Silver four hour chart shows price trading above a short term trend line. Up trend of this time frame will be intact as long as price stays above this trend line and 50 period SMA shown in second chart.
• Last chart shows price in a range. Breakout from this range above 32.37 will lead to continuation of the current trend. Breakdown from the range may lead to a correction towards the up trend line or 50 period SMA.
• ES CHART ANALYSIS