ES Chart analysis

 

• Price nearing crucial support levels in hour chart.
• Breaking the channel and 50 Hour SMA may give a Dip in favor of bears.

-->

BANK Nifty Futures intraday update

• Bank nifty near the resistance line of a broadening pattern.
• Price has to do a breakout or it may fall to the lower end of the range.
• weakness on price closing below 50 Hour SMA for today

TATA Steel Chart Analysis

 

• Long should be cautious at these levels. Further longs can be added only on closing above 50 SMA and 23.6% Fib level.
• Unable to close above 50 SMA and 23.6% Fib level means weakness. Falling below 5 Day High EMA may give shorting opportunities. 

FACEBOOK Chart update

 

• Facebook daily chart shows price falling towards 50 Day SMA.
• Hour chart shows price nearing crucial fib levels and Ichimoku cloud.
• Multiple support levels may stop the fall of Facebook.

GOLD - Long Shadow of the weekly candle

 

• The long shadow of the weekly candlestick formed when gold fell to 1321 is so far giving good support for Gold. The consolidation in weekly chart after the fall and bounce is happening above the tail of the candle.
• So for Bulls of hold its important to stay above 200 Week SMA and 1404. Price falling below 1404 means price moving towards the lows again which will weaken this weekly candle with long shadow.

RELIANCE Industries Chart analysis

 

• Reliance Industries closed above 200 Day SMA. Previous attempt to stay above this level was not successful so one has to see if price is able to cross the resistance of 827 on closing basis to extend the current up move.
• Weekly chart too is testing 5 Week High EMA. Weekly close above this level may give good up moves.
• For the day 827 is crucial sustaining above it can give good intraday up moves for reliance.

APPLE Chart update

 

• Apple monthly chart continues to look good for bulls after the Dragnofly doji candle in this time frame.
• Price is trading above 20 week SMA after a long GAP.
• Daily chart shows price testing at 100 Day SMA. Closing above this level will extend the up move
• DARK CLOUD COVER - FACEBOOK

-->