March 12, 2013

ES Chart analysis

  • Four hour chart shows price moving up with shallow corrections. There was just one major correction But price managed to comeback into the channel.
  • One hour chart shows price trying to stay above the cloud and 100 Hour SMA.

FORD Chart analysis

  • Ford daily chart shows price moving above 50 Day SMA. Holding above this level will favor bulls of Ford.
  • Possible resistance level is shown in Last chart. Bulls need a daily and weekly close above the approaching Golden ratio for extending gains towards 14.3 levels.
  • Weekly chart shows the crucial support and target levels. Trading below 13.05 will be negative for Ford Bulls.

CRUDE OIL Chart analysis

  • Crude oil weekly chart favors bulls of crude oil 
  • 2nd chart the daily time frame shows the possible target for this up move. 
  • 4 Hour chart shows immediate resistance levels which bulls must cross in-order to keep the up move going. 

NIFTY Intraday update

  • One hour chart shows the up trend with small corrections. Sustaining above the trend line may lead to another breakout.
  • Daily chart shows price slowing down at the cloud.
  • 4 Hour chart too shows price pausing near Golden ratio. But Last chart shows a possible Bullish inverted head and shoulders pattern. For IHNS to work correction should be limited to 38.2% Fib level shown in 3rd chart.