SPY Support levels

 

• SPY 4 Hour chart with up trend lines and 50 period SMA as support levels.
• Breaking below 38.2% Fib level may extend the correction towards the golden ratio. An up move may happen from the first up trend line or the 50 period SMA.
• ORACLE TREND UPDATE

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SILVER Trend update

 

• Silver 4 Hour chart shows support at 33.48 and 100 period SMA.
• For a possible trend change price must fall below the cloud.
• Taking support at the current levels may give 35 levels again.
• SLV WEEKEND UPDATE

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CRUDE Oil Update

DAILY CHARTS

 

4 HOUR CHART

• Sustaining below 50 Day SMA should continue to favor bears of crude oil.
• Crucial support and resistance levels shown in 2nd chart.
• Last chart is of 4 Hour time frame which shows price near crucial level of 90.96. Trading above the 20 Period SMA may give a bounce in favor of crude oil bulls.
• BEAR FLAG OF COCA COLA

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GLD Chart Analysis

• GLD Near previous resistance level of 174.
• Weekly chart also shows price pausing near 61.8% Fib level.
• Daily MACD is showing some weakness which may work well for bears on a channel breakdown and falling below 170
• SLV WEEKEND UPDATE

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RELIANCE Bear Flag(intraday update)

• reliance hour chart shows a bear flag pattern.
• Stock has support at 828.
• Price sustaining below 50 Hour SMA will favor bears.
• Bears need to break below 828 for extending gains.
• INTRADAY LIVE CHART FOR RELIANCE INDUSTRIES

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TCS Bearish Engulfing and Support levels

• TCS Weekly chart shows a bearish engulfing pattern.
• Price is near a crucial support level between 1280 - 1300 and also near an up trend line
• Fall of last week led the stock towards its 50 Day SMA were the fall has taken a pause for now.
• CNX IT CHART ANALYSIS

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CNX IT Chart analysis

• CNX IT Had a bearish week. Price took support near 20 Day SMA and for the weekly chart it was 100 Week SMA.
• Daily chart with up trend line shows support near 6243 - 6300 level.
• Daily MACD and overbought Weekly stochastic may favor bears if the moving averages mentioned above gets broken.
• NIFTY WEEKEND UPDATE

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ORACLE Trend update

• First chart is of the daily time frame which shows the steady up move of Oracle.
• 2nd chart shows the approaching resistance level of Oracle in weekly time frame.
• Resistance level is also the 78.6% Retrace level. Weekly MACD is showing some weakness but continue to stay in Buy mode It may give a sell signal if the Up trend line gets broken.
• SLV WEEKEND UPDATE

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