ES one hour chart update

• ES Hour continues to be in a range.
• Hourly cloud acting as support for ES Bulls.
• If the Cloud does not break on closing basis A Bullish move out of the range is possible. Break below 2541 can give 10 to 15 points on the Down side.

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NIFTY Chart update

• Nifty Week shows price in a 450 Plus range. Weekly MACD Has a sell signal. So any up swing inside this range should be watched cautiously.
• Hour up swing is getting tested.
• Up move may resume if price gets support at 30 Minutes cloud. Otherwise a bigger correction is possible.
• NIFTY Weekend update

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NIFTY Hour and Weekly charts

• Nifty hour shows a steady up move.
• Up swing will be safe till price stay above 30 Minutes cloud.
• But bulls must be cautious as the current up move is happening against the MACD Bearish cross in Weekly chart

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ES Hour chart update

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• ES One hour chart shows bulls trying to stay above 100 Hour SMA.
• Range shows price doing false spikes on both direction. This setup need price to close outside this range for a bigger directional move to follow.

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ES Hour chart Analysis

• Hourly cloud is acting as support. Weakness only if bears manage to close below the cloud.
• Hour is in a range. Bigger moves only when range gets resolved. Staying above 100 SMA an upper breakout is possible. Below the cloud price may move towards 2520 levels. Breakout above the range can give 2560 plus levels.

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INFOSYS Multi Year support line and Descending Triangle

• Infosys Multi Years support line shown in first chart has saved bulls from a bigger fall.
• Second chart shows a possible False breakdown scenario, Mostly this is followed by swift  move on the opposite direction. But Bulls has one more hurdle Which is the Falling resistance line of a Descending triangle pattern. Bearish Only if price starts close below 900 levels again. 

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GENERAL ELECTRIC chart analysis

• GE Month trending down after a Trend line breakdown.
• Second chart shows price approaching a crucial support zone. Bulls must protect 23.40 to avoid more weakness. Possible bounce or reversal if this level is held.
• Daily chart shows price trending down below the cloud. For a bigger bounce or reversal price must move above Daily cloud.
• GOOGLE Range and Month Trend update

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