July 8, 2021

ES Hourly cloud and 4 Hour chart

  • ES Hour moving towards the hourly cloud which may act as resistance.
  • 4 Hour chart shows a possible bullish candle which may give new high's for ES.

July 7, 2021

TESLA Chart analysis and trading levels

  • The hourly triangle discussed in the PREVIOUS POST gave a false spike but price fell back to close the gap and a reversal towards the bigger pattern resistance line.
  • Now the previous resistance line of the 4 hour pattern is crucial for bulls. Price if closes back into the pattern may result in bigger correction. In that case 637 and 626 levels are possible. Bulls need to stay above the previous resistance line to avoid the above scenario.
  • Previous update on TESLA

July 2, 2021

Bank Nifty Trading levels

  • Bank nifty 15 minutes shows the downswing. 
  • Crucial levels for the day are 34500 on the downside and 34900 on the upside.
  • For an upswing to start in smaller time frame price must sustain above 34900 levels.

July 1, 2021

TESLA Chart Analysis

  • TESLA 30 Minutes chart shows price in a triangle contraction. Price is near the rising support line. If held price will remain in a tight range.
  • 4 Hour time frame shows price in a range after a GAP. Staying above the gap may lead to a safe continuation trade for bulls But price fading the GAP and falling back to the previous resistance line cannot be ruled out as well.

S&P 500 Futures before opening bell

  • ES Daily shows price above the 3 day range. Bears need price to close back into the range for a possible down move to follow.
  • 30 Minutes chart shows price back above the cloud and taking support above it. Small dip below the cloud was negated quickly.

Bank nifty intraday update

  • Bank nifty holding day lows may target 34900 and 35000 levels for the day.
  • Staying below day lows may take price towards 34500 levels.
  • 15 Minutes as shown in first chart is trending below the cloud But a minor upswing for today cannot be ruled out before the trend can resume.