- Nifty hour shows possible bearish price action from a rising wedge pattern. But bears need to sustain below 8900 levels for bigger falls to happen in their favour.
- Daily too has a bigger Rising wedge But one has to wait few more sessions to understand how this one takes shape.
- Crude oil bulls failed to close near the High's.
- Weakness only if price starts to stay below 50 Day SMA. Upper breakout opportunity exists if price continues to stay above 50 Day SMA.
-->
- Price yet to hit the resistance line.
- 4 Hour chart shows price in a small range. Price may make new high's to hit the resistance line.
- 50 Period SMA acted as support. Bears need a close below this line to start correction in this time frame.
-->
- Larger and smaller time frames looking bullish.
- For the short term bulls will remain strong above 1252 levels. Hope for Gold bears only if price starts to close below this level
-->
- Crude oil daily candle looks bullish so far. If the current price action stays a Higher close is possible in this time frame, which could lead to bigger up moves.
- 55.24 level is the next challenge for crude bulls to cross above.
-->
- Nifty daily chart is testing the recent swing High'
- 4 Hour chart shows a resistance line which is part of a Rising wedge pattern.
- Rising wedges are mostly bearish. But as we are close to historic High's anything is possible. Weakness only if price falls below 8700 levels.
- TESLA Month nearing resistance zone.
- Previous weekly candle is a potential bearish one with its long upper shadow. But if today's week closes higher then bearishness of the previous candle is negated.
- Levels to watch bears are 274 and 264 levels. For bulls need to stay above 287 and 291 levels to extend the trend.
-->
