November 23, 2017

ES Channel and Support levels

  • ES has a channel in one hour chart.
  • Crucial support numbers shown in 4 hour time frame.

NIFTY Chart analysis

  • NIFTY Hour chart shows possible inverted head and shoulders pattern.
  • Hourly cloud is crucial support area for bulls.
  • Weekly structure is looking good for bulls. Last week candles long tail shows strong support. Weakness can be seen only if price falls below 10230 levels.