- Google sustaining above the trend line and 20 Day SMA. For bears of Google these two levels has to break for a bigger fall.
- One hour chart shows price getting support at 38.2% Fibonacci level. Breaking below this level may resume the fall.
- APPLE CHART ANALYSIS
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- APPLE Bearish Doji in weekly chart continue to do well for bears.
- Weekly chart trying to find support at middle bollinger band.
- Bulls need to hold on to the up trend line shown in the last chart for avoiding a bigger fall.
- ES CHART ANALYSIS
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- ES Daily chart holding above support levels.
- Price yet to test the up trend line. Holding above this line will favor bulls of ES. Price nearing daily Ichimoku cloud. Taking support at the cloud may give an up move. Bears need a cloud break to turn the trend.
- Infosys weekly chart is near the falling trend line. Price yet to hit the resistance line.
- Price is staying below the weekly cloud. So breakdown below 2460 will favor bears to extend the fall .
- Bulls need to close above the weekly cloud for a possible breakout above the falling resistance line.
- TATA STEEL ABOVE RESISTANCE LEVELS
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- First chart shows price closing above the resistance level.
- Price has also closed above the Golden ratio.
- Daily chart is testing 200 Day SMA which has to be taken out on closing basis for a bigger move towards 450 levels.
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INFOSYS CHART ANALYSIS
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- ES 4 Hour chart shows price in a rectangle like range with price at the range bottom
- Daily chart too shows price above crucial support levels.
- 4 Hour chart shows price getting resisted at 200 period SMA. Close above this line should start an up move towards the top of the range. Trouble for bulls below 1424
- Crude oil knocking at the resistance line again.
- 4 Hour pattern looks like ascending in nature which may give a Breakout above those resistance lines But one should look at the daily chart for bigger resistances at 50 and 200 Day SMA'S Which will be hard to break.
