APPLE Bearish price action

• Apple daily chart shows a bearish candlestick Ichimoku cloud.
• Bearishness can be confirmed if price makes a lower closing today.
• Price is testing 30 Minutes cloud. Weakness if price starts to trade below 30 minutes cloud.
• ES Support levels

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ES Support levels

 

• ES one hour chart shows price testing 100 Hour SMA which may act as support levels.
• Price also testing the cloud. Closing below these levels shows weakness which may lead to 1820 and 1800 levels.
• Not breaking below the cloud will lead to new high's.

AXIS Bank Falling wedge breakout and Resistance levels

• Axis bank has given a breakout from the Falling wedge pattern which was discussed in an earlier post.
• There was a 50 point up move yesterday, But the volume increase although above average is not enough. There should be follow up increase in volume and price.
• The stock is approachin crucial resistance levels like 50, 100 and 200 SMA between 1170 - 1200. Only a close above 1200 will confirm further strength for bulls.

GOLD Support and Resistance levels

 

• Hourly cloud of gold is acting as support.
• Daily chart of gold shows price nearing the golden ratio.
• Weekly chart has Upper bollinger band as immediate resistance level.
• Price sustaining above the hourly cloud will extend the up move. Weakness if price starts to trade below the hourly cloud.
• CRUDE Oil Bullish price action

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