- Nifty is testing the support line of the broadening pattern. Last time price failed to close below this line and a big up move followed towards 8900 levels.
- Month chart looks like its going to give its 1st bearish candle after 6 Bullish ones in a row. Provided there is no made reversal in the remaining day of the Month.
- Weekly chart is falling from the bearish PIN BAR. Next crucial level for bears to break is the zone between 8515 and 5545. This is a possible support zone in weekly chart. If this is not held then nifty could fall below 8300 levels.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 29, 2016
Nifty Chart analysis
September 28, 2016
S&P 500 Futures analysis before opening bell
- 4 Hour chart shows immediate support and resistance line.
- Daily chart shows the rising hidden support line. This blue line and the pink horizontal line around 2117 are crucial supports for ES Bulls.
September 27, 2016
CRUDE Oil price contraction
- Crude oil testing crucial support line in 4 hour time frame.
- Bigger weakness if 44 levels are not held.
September 26, 2016
ES Analysis before opening bell
- Price approaching crucial support levels for ES. If held an up move from the current levels are possible.If not held price may move towards 2130 levels and lower.
September 23, 2016
TWITTER Weekly chart analysis
- Twitter Moves above 50 Week SMA.
- Week candle if close near the High's will extend the bullish momentum towards the falling resistance line.
- But the stocks major trend will remain bearish till price stay below the falling resistance line.
- In the short term if week stays above 50 Week SMA then stock may target 28 levels.
September 22, 2016
GOLD Chart analysis
- Week is moving towards the resistance line as shown in first chart. Price is moving up from the Middle Bollinger band. If the resistance line shown in first chart is broken a bigger up move is possible in Gold.
- One can track the strength of this up move with 20 SMA in 4 hour time frame. If price stays above this a bigger up move is possible
September 21, 2016
ES Support and resistance levels
- ES 4 hour chart shows the immediate range between 2126 and 2146.
- Crucial resistance number for bulls to cross is 2156
September 20, 2016
September 19, 2016
Gold Hour chart analysis
- Gold near resistance line and 100 Hour SMA. last chart shows price contraction which may lead to bigger move soon.
ES Analysis before opening bell
- Immediate resistance level at 200 Hour SMA. Bulls may get some strength if stays above this line. 2156 and golden ratio will be tough to cross if gets tested.
- GOLD WEEKEND UPDATE
September 17, 2016
GOLD Weekend update
- The Primary direction of weekly chart is up and within this up move price moved sideways towards the up trend line. Gold likely to decide if the trend is to continue or to break the rising support line within a week or two.
- 4 Hour chart shows price moving sideways in a channel of 70 points. This channel is likely to resolve soon. Mostly these patterns go in favour of the prevailing trend which is bullish for Gold.
- TRIANGLE OF S&P 500
CRUDE Oil Weekend update
- Crude oil one hour chart shows a potential reversal pattern provided price stays above 43 levels and the support line of the pattern.
- 4 Hour chart and daily chart shows price resting near 43 level which is an important support level.
- Daily close below 43 may take price towards 200 Day SMA.
- TRIANGLE OF S&P 500
September 16, 2016
September 15, 2016
Crude oil channel and support zone
- Crude oil one hour chart shows price moving down in a bearish channel. Price is heading towards the recent swing low of 43.01. This level has to be held to avoid a bigger fall in crude oil.
September 14, 2016
GOLD Channel and Range
- Last chart shows price in a broad range between 1300 - 1377 level. Within this range price is moving in a bearish channel. Immediate resistance at 50 Hour SMA. Sustaining above this line may result in a bounce.
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