APPLE Chart update

• Apple one hour chart shows up trend lines and Ichimoku cloud as Immediate support levels.
• 100 Hour SMA is acting as immediate resistance levels.
• APPLE IN A DIAMOND PATTERN

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GOLD Ascending triangle pattern

 

• Gold four hour chart shows a bullish ascending triangle pattern.
• Price is getting resisted at 38.2% Fib level as shown in the second chart.
• Last chart shows crucial support levels below which the bullish view will be negated. Weakness below 1375 and 1354.
• APPLE IN A DIAMOND PATTERN

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ES Chart update

 

• ES Moves back above crucial moving averages and cloud.
• There is hope for bears in the golden ratio. Price sustaining above this level weaken ES Bears further.
• APPLE IN A DIAMOND PATTERN

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TATAMOTORS Futures intraday update

 

• Tata motors futures hour charts with resistance at 38.2% Fib level and 50 Hour SMA.
• Support at 1 Hour cloud. Hour closing below the cloud will be negative.
• For the up move to continue hour must close above 50 Hour SMA and 38.2% Fib level.

NIFTY Chart analysis

 

• NIFTY Daily chart shows price taking support at 38.2% Fib level and closing the day back above 23.6% Fib level.
• Hourly chart shows possibility of a head and shoulders pattern which will work only if this up move is limited to 6115 - 6120 levels, Anything above that may lead to 6229 levels for a range bound move as shown in last chart.

IWM Chart analysis

 

• IWM Daily chart shows crucial support at 96.51 and 20 Day SMA.
• Weekly chart has given a bearish weekly candle but the trend will turn weak only if price starts to trade below 94.96 and 23.6% Fibonacci level.
• APPLE IN A DIAMOND PATTERN

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