- Bank nifty Month chart yet to show any weakness.
- Weekly chart has been diverging for quite sometime without any meaningful correction
- Daily chart has given a Pin Bar Reversal candle which may be the start of a correction. This candlestick pattern needs to be confirmed with bearish price action.
- Nifty month chart shows no weakness yet.
- Bearish candles during this up trend is followed up by bigger bullish candles.
- The resistance line shown above has to work for bears to stop the current up move. If price closes outside the boundaries of the wedge pattern, Bigger up moves are likely.
- Reliance power has moved above the falling resistance line shown in weekly chart.
- Daily chart shows a range breakout targeting 68 levels.
- 68 is former support may act as resistance now. For bigger up moves price must move above the daily cloud
- Gold Testing weekly cloud. Price is pausing at the cloud and 100 Week SMA
- For now bulls are staying above 200 Day SMA. Some weakness is seen in 200 SMA. Bigger worry for bulls only if price falls back below 200 SMA.
- Nifty moving towards its resistance line with Negative divergence in RSI.
- As price is still in a bull market. The resistance line may give another correction for the bulls to reenter.
- Weakness only if price sustains below 8626 levels.
- Gold Hour chart shows price with shaded support zone. Price falling below this zone may give bigger correction.
- Weekly resistance levels are yet to taken out by bulls. Gold bulls need a weekly close above these levels.
- SBI Testing recent swing high.
- Daily macd shows bullish signal. Price closing above the swing high may extend this up move.
- Weekly though is showing negative divergence which is negative in the Medium term.
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