ES Support levels

 

• ES one hour chart shows price testing 100 Hour SMA which may act as support levels.
• Price also testing the cloud. Closing below these levels shows weakness which may lead to 1820 and 1800 levels.
• Not breaking below the cloud will lead to new high's.

AXIS Bank Falling wedge breakout and Resistance levels

• Axis bank has given a breakout from the Falling wedge pattern which was discussed in an earlier post.
• There was a 50 point up move yesterday, But the volume increase although above average is not enough. There should be follow up increase in volume and price.
• The stock is approachin crucial resistance levels like 50, 100 and 200 SMA between 1170 - 1200. Only a close above 1200 will confirm further strength for bulls.

GOLD Support and Resistance levels

 

• Hourly cloud of gold is acting as support.
• Daily chart of gold shows price nearing the golden ratio.
• Weekly chart has Upper bollinger band as immediate resistance level.
• Price sustaining above the hourly cloud will extend the up move. Weakness if price starts to trade below the hourly cloud.
• CRUDE Oil Bullish price action

-->

CRUDE Oil Bullish Price action

• Above shown bullishness can only be confirmed with the daily candle giving a close near the High of the Day.
• A Bullish "W" and a breakout above 200 Day is waiting to be confirmed with a bullish close.
• One hour chart too shows a range breakout. 
• Daily bullish confirmation will lead to 105 and 108 levels in the short term.
• ES Chart analysis

-->

ES Chart analysis

 

• ES one hour chart is finding support at 50 Hour SMA.
• Four hour chart shows the bullish ladder. Daily chart is nearing supply zone, if the bullish structure in four hour time frame remains intact a breakout in daily chart is possible.
• GROUPON TRIANGLE PATTERN

-->

NIFTY Support at 200 day SMA

• Daily chart looks like a double bottom at 200 day sma.
• If price starts to move up the GAP and the cloud may act as stiff resistance levels.
• immediate resistance levels are shown in chart 2.

APPLE Chart analysis

• Apple bulls managed to fill the GAP in daily time frame completely.
• Price is now testing crucial resistance levels like 50 Day SMA and the daily ichimoku cloud. 
• Apple bears need to see weakness at daily cloud for a correction to follow.
• GROUPON TRIANGLE PATTERN