APPLE Tests 50 Day Moving Average

• First chart is the apple daily chart with 50 day moving average. Price has violate 50 day moving average after many months. So the initial fall will be backed by some buying. If price manages to close below 50 dma things will favor bears.
• Hour chart too has violated the cloud in four hour time frame after a long time. If price manages to close below the cloud this too will favor bears.
• ES FIBONACCI LEVELS
  
  

ES Fibonacci levels

ES WEEKLY CHART WITH FIB LEVELS

• ES Weekly chart shows price violating 23.6% level.
• If price makes a weekly close below this level We will see 1210 - 1220 level which is the 38.2% fib level in weekly chart.
• ES DAILY CHART ANALYSIS
  
  

ES Trend line break

ES DAILY CHART WITH TREND LINE

ES DAILY CHART WITH DMA

• ES Daily chart is about to give a bearish cross. 20 day moving average crossing below 50 dma will turn the trend completely in favor of bears.
• Trend line break in daily chart looks convincing. 1292 level will act as resistance now.

Nifty Daily Analysis

• First chart shows the likely resistance lines for nifty in daily chart.
• Price is also approaching its other resistances like 38.2% Fib level and the 50 day moving average.
• So further upsides will be possible only if nifty manages to stay above these crucial levels.

ES Triangle pattern

CHART-II

• Breaking 1278.50 will extend gains for bears. This level may act as a support area as well.

CHART-I

• ES hour chart is showing a triangle shaped consolidation.
• This one can give more than 10 points towards the breakout provided there is no false breakout.

TRE Chart Analysis

• Price in daily chart is trading near its 200 DMA, So if price touches the 200 DMA we may see a bounce from this moving average.
•  Price in weekly did violate the trend line, But has managed to stay above it form now.
• Daily chart is trending down in a channel. So a change in trend may be visible once the resistance line of the channel gets broken on closing basis. 

BANK NIFTY Diamond pattern

• First chart shown is the range of bank nifty in weekly Time frame. This range should be resolved for a convincing move to happen.
•  2nd chart shows a possible Diamond pattern in daily chart. This pattern is know to be bearish. But Remember A Diamond can make a bottom formation as well. So go short only if the support line of the Diamond breaks.