- Apple Hour chart shows a bearish cross with 20 and 50 Hour SMA.
- Hour time frame will extend gains for bears if price falls below 100 Hour SMA. For now 100 Hour SMA is acting as support level.
- Crucial support is shown in daily time frame. Confluence of support at 50 day SMA and 38.2% fib level.
- For Chart shows price testing the resistance levels.
- Four hour chart shows a possible Bullish "W" pattern.
- One hour chart shows price getting support at the cloud. Only a close below the cloud of this time frame can weaken the up trend of ford.
- 4 Hour chart of crude oil shows a possible rising wedge being formed.
- Getting support at the rising support line may give another up move before the big correction may start.
- ES Hour chart shown with crucial support and resistance levels.
- 4 Hour chart shows negative divergence developing. For this one to be effective price must break below the support levels shown in one hour chart.
-->
- Immediate support levels for nifty is the 23.6% Fib level and 100 Hour SMA shown in chart 2.
- If this fall extends then the target zone could be the 38.2% Fib level and 100 Day SMA area. Another support is possible at 20 Week SMA at 5870.
- RELIANCE INDUSTRIES CHART ANALYSIS
-->
- Reliance industries getting resisted at 38.2% Fib level shown in daily time frame.
- Second chart shows a Bearish Death cross in daily chart. with 50 SMA falling below 200 Day SMA. Price has also closed below 50 and 200 Day SMA.
- Now hope for bulls is the support line shown in 2 hour chart which needs to be held to avoid a bigger fall.
