November 17, 2014

ES Chart update

  • If the hourly range breaks on the up side then the Negative divergence will be of no use for Bears.
  • Bulls need to stay above 50 Day SMA To avoid a bigger correction.

RELIANCE Industries testing 200 Day SMA

  • Reliance industries trying to stay above 200 Day SMA and a crucial support zone. Bullish candle here may result in resuming the up move.
  • Bears need a close below 200 SMA for a possible down move.