APPLE Chart update

• Apple 30 Minutes has closed below the cloud.
• Fall started from daily cloud is testing 100 Day SMA. Closing below 100 SMA may extend the fall towards 515 levels.
• APPLE BEARISH GRAVESTONE DOJI

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S&P 500 Futures before opening bell

 

• ES Testing 200 Hour SMA.
• 4 Hour chart shows price testing 23.6% Fib level.
• Last chart shows price below the cloud in one hour time frame which is bearish. Hourly close below 200 Hour SMA will lead to bigger falls.
• APPLE BEARISH GRAVESTONE DOJI

BANK Nifty Chart analysis

WEEKLY CHART

DAILY CHART

WEEKLY CHART
 

• Bank Nifty Weekly chart shows stochastic reaching oversold zone. No reversal confirmed yet.
• Daily chart is testing falling resistance line. Bulls must trade above this line.
• Weekly chart also shows weakness at cloud. Bulls should do a cloud breakout for a bigger up move to happen. 
• Weakness at the falling resistance line will favor BN Bears.
• AXIS Bank Falling Wedge breakout and Resistance levels

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APPLE Bearish price action

• Apple daily chart shows a bearish candlestick Ichimoku cloud.
• Bearishness can be confirmed if price makes a lower closing today.
• Price is testing 30 Minutes cloud. Weakness if price starts to trade below 30 minutes cloud.
• ES Support levels

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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

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