CRUDE Oil Bearish price action

• Crude oil breaks the 4 hour cloud.
• Price trading below 20 SMA in daily time frame.
• Crucial level to watch is the big round number at 100. This level acted as resistance recently so it may act as support. If 100 is not held bigger correction is possible.
• TRIANGLE BREAKOUT - BANK OF AMERICA

-->

Reliance Communication Falling wedge pattern

• Possible bullish setup in Rcom. But price need to close the day above the discussed levels in chart for confirming a breakout.
• AXIS BANK FALLING WEDGE PATTERN

-->

BANK Of America Analysis after closing bell

• BAC Daily chart shows a Triangle breakout.
• Closing above the recent swing high of 17.42 is likely to take the stock above 18.50 levels.