May 27, 2013

ES Support and Resistance levels

  • ES Four hour chart shows 100 Period SMA and Ichimoku cloud as support levels.
  • One hour chart shows 100 Period SMA as resistance.
  • Price breaking the above mentioned levels on closing basis may lead to bigger moves.

TATA MOTORS Chart analysis

  • As the last chart shows Tata Motos is in a broad range. Price testing crucial support at 282 and 50 Day SMA. Bears need a close below these to levels to target 251 levels. Sustaining above 282 may lead  to an up move towards the top of the range at 311.