- Netflix daily shows an Ascending channel. If bullishness sustain price likely to hit 149 plus levels to reach channel Top.
- 20 SMA is positioned bullishly above 50 Day SMA. For bears need to close daily time frame below 142 levels.
- Staying above the cloud will keep the bullish trend intact.
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- ES Daily shows possible support level at 2317. Rising 100 SMA too may reach this level soon. Immediate resistance is the broken 50 Day SMA. Bears need to keep price below 50 Day SMA. Bigger weakness only on price closing below 100 Day SMA.
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- Nifty daily is testing 20 Day SMA after a long GAP. It was at 8100 last when price met 20 Day SMA Which shows how smooth and strong this up move was.
- Weekly MACD is poised for a sell But this is based on price action. So bears need price to stay below 8950 - 9000 levels for bigger correction to follow. Bulls remain safe above this zone.
- Daily time frame has been diverging for a long time now. Bears hoping for bigger things to follow in the coming Days.
- INFOSYS Technical Analysis
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- Infosys nearing crucial support zone around 900 levels. If not held on closing basis will take the stock towards the Rising support line shown in Month time frame.
- If 900 is held then stock will remain range bound in weekly chart and a move towards 1044 levels is possible.
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- ES Closed below 50 Day sma. Now bears need to break below 2330 levels for bigger falls to follow.
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- Daily chart shows a triangle contraction.
- Possible trend change on closing below the cloud. As its a triangle false spikes are possible before the bigger directional move can happen.
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- ES Daily shows price testing support zone. Daily has made another dip below 50 Day SMA. Bears unable to get that close below this crucial moving average. One has to see if bulls is able to make another up move to close back above 50 Day SMA.
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