- Weekly chart shows the Big Inverted head and shoulders pattern in weekly chart. Crucial resistance zone for this pattern is between 50 - 51 level.
- Daily chart shows immediate resistance at 48.75 level. Bears need this level to hold for stopping bigger possibilities mentioned in weekly chart.
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- Nifty is testing the support line of the broadening pattern. Last time price failed to close below this line and a big up move followed towards 8900 levels.
- Month chart looks like its going to give its 1st bearish candle after 6 Bullish ones in a row. Provided there is no made reversal in the remaining day of the Month.
- Weekly chart is falling from the bearish PIN BAR. Next crucial level for bears to break is the zone between 8515 and 5545. This is a possible support zone in weekly chart. If this is not held then nifty could fall below 8300 levels.
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- 4 Hour chart shows immediate support and resistance line.
- Daily chart shows the rising hidden support line. This blue line and the pink horizontal line around 2117 are crucial supports for ES Bulls.
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- Crude oil testing crucial support line in 4 hour time frame.
- Bigger weakness if 44 levels are not held.
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- Price approaching crucial support levels for ES. If held an up move from the current levels are possible.If not held price may move towards 2130 levels and lower.
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- Twitter Moves above 50 Week SMA.
- Week candle if close near the High's will extend the bullish momentum towards the falling resistance line.
- But the stocks major trend will remain bearish till price stay below the falling resistance line.
- In the short term if week stays above 50 Week SMA then stock may target 28 levels.
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- ES bulls managed to move above crucial resistance levels. Weakness only if price falls back below the levels mentioned. Staying above them Bulls may target 2180 levels again.
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