- 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.
September 29, 2016
September 28, 2016
September 27, 2016
September 26, 2016
September 23, 2016
- 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
- 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
September 20, 2016
September 19, 2016
September 17, 2016
- 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 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