ES moves from support to resistance

 

• ES Weekly chart shows price moving up from support zone to resistance level near 1945. Bulls must cross this zone for a bigger bounce towards the WEEKLY ARC; 

Bank Nifty Chart analysis

 

 

• If the down trend in daily chart extend beyond 13800 price could fall towards the levels shown in Month chart.
• Previous resistance levels near 13300 and Golden ratio at 13100 levels may act as support.
• Immediate support and resistance levels as shown in daily chart

Nifty chart analysis

• Nifty month shows a successful topping pattern in play for bears. Hope for bulls is the rising support line from 2252 level. If this does not hold Price may test 6300 levels as there is no proper support till 6300 levels. So bulls must try to hold above the rising support line to avoid a bigger correction. 
• One hour chart shows price below 200 Hour SMA. Price must move above this line for a bigger reversal to happen.
• CRUDE Oil Trend update

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CRUDE Oil Trend update

 

• Crude oil 15 Minutes continues to trend above the cloud. But 4 hour chart shows price approaching the falling resistance line. Crude bulls must take out this line for this bounce to turn into reversal. Falling likely to resume if price stalls at the resistance line.

ES Bounce update

 

• 15 Minutes chart trying to do a trending move above the cloud. If successful the bounce may extend towards the resistance zone shown in weekly chart.

SBI Support zone

 

• SBI Week shows price at crucial support zone. 
• Month chart shows a bigger bearish possibility But for this one to happen 145 needs to break. If price sustains above 145 a bounce back towards 210 - 230 levels is possible.
• One hour chart shows the sharp reversal. Bulls needs to stay above hourly cloud for a bigger up move to follow.
• CRUDE OIL WEEKEND UPDATE

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CRUDE Oil weekend update

 

• crude oil 4 hour chart shows head and shoulders pattern. Price has bounced back to the neck line. Now bears need to keep price below the neck line to avoid a bigger bounce. If sustains above 29.50 price may test the falling resistance line shown in 2nd chart. Till price stay inside the broadening pattern shown in 2nd chart bounces will be small and the down trend will continue.