COCA Cola Triangle pattern

• Coca cola daily chart shows a triangle pattern. Price near the apex of the pattern
• Strength on closing above 50 Day SMA. 
• Support at 200 Day SMA. Possible breakdown only on price closing below 200 Day SMA.

APPLE Resistance levels

• APPLE Resistance levels on closing basis
• First chart shows price moving above crucial resistance lines.
• Falling 200 Day SMA may act as resistance. Immediate resistance levels for next week is around 463 levels. Daily close above 463 may lead price towards the 200 Day SMA.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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S&P 500 Analysis after closing bell

• SPX Closed above the horizontal resistance levels.
• Price nears parallel resistance line.
• Price is developing negative divergence. Price may violate the channel resistance line before the correction could start.

SILVER Chart update

• Silver violating the channel of four hour chart. 
• Price getting resisted at 50 Day SMA. Price has to close above 50 Day SMA For a bigger up move to happen.
• Trend in daily chart will weaken only if price starts to trade above the cloud.

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EURUSD Support and Resistance levels

 

• Crucial support for EURUSD at the 23.6% Support level of 4 Hour chart.
• Broken support line and the levels shown in last chart may act as resistance.

ES Support levels

• If the correction extends the broken resistance lines of the ascending triangle and 23.6% Fib level may act as support. Weakness only if price starts to trade below these levels.

ITC Trend update

• ITC is falling towards its up trend line and 100 Day sma.
• Weekly chart is showing a potential bearish setup. Bigger correction on price closing below 20 Week SMA.

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