AMBUJA Cements intraday update

• Ambuja cements 4 hour chart shows price testing crucial support zone. Closing the day below 197 levels will further weaken bulls of this stock.
• bearish engulfing discussed earlier continues to perform well.

BANK Nifty chart update

• Bank nifty pausing at weekly resistance levels till the news event is over.
• Price is likely to trade in a range in daily chart.
• 20 SMA is crucial, breaking below it can take BN towards the bottom of the range.

AMAZON Trend update

• Amazon weekly chart shows price violating the rising support line. Weekly close below this line may extend the fall. Amazon bulls hoping for a bullish weekly candle.
• Daily chart shows breaking support levels. 
• 4 Hour cloud may act as resistance on up moves.

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APPLE Chart Analysis

 

• Apple moves above resistance zone
• Weekly chart shows price above Golden ratio.
• Week and month close above 575 and Golden ratio may target the Monthly upper bollinger band.

ES Chart update

• ES 4 hour chart shows crucial support zone. 
• chart 2 and 3 shows immediate resistance and support levels in one hour time frame.

NIFTY Chart update

• Bearish engulfing is not showing proper follow up both in price and volume. 20 Day SMA is also trying to act as support.
• If price does not violate 20 SMA an up move is possible today.
• Negative divergence will be of no use if price does not break 20 SMA

CRUDE Oil chart analysis

• Crude oil daily chart shows price violating the up trend line. Sustaining below the trend line may extend the fall towards the shaded support levels.
• Golden ratio is shown in 4 hour chart. Hope for crude oil bulls if price holds above the golden ratio.
• Last chart shows price testing lower BB. Closing the day below lower BB May extend the fall.