ES Hour chart analysis

• Price in hour chart is trying to break the resistance line
• 1282 - 1283 area will act as resistance for ES. 
• Break below the yellow line will favor bears.
• DOW JONES ANALYSIS
  
  

CNX IT In a channel

• Weekly chart of CNX - IT shows a channel formation.
• Price is Near the resistance line of the small channel and the support line of the bigger channel.
• This setup should give good direction for the leading IT stocks once a breakdown or breakout happens on closing basis.
• DOW JONES ANALYSIS
  

Dow jones daily chart analysis

• Dow jones daily chart with 50 , 100 and 200 dma's and Ichimoku cloud.
• Price has violated both 50 and 100 dma's. If it stays below 100 dma we may see price sliding to 200 dma in the coming weeks.

Ascending Triangle of EURUSD

• EURUSD shows higher lows being formed in hour chart.
• For a bullish break to happen 1.4050 level should be broken on a closing basis.
• Breaking the supporting trend line will favor bears of EURUSD.

ES Hour chart analysis

• ES Hour chart is showing support at 1265.75.
• For an up move to happen bulls should break the trend line and Ichimoku cloud on closing basis.
• ES FIBONACCI LEVELS
  
  

Nifty Futures intraday update

• Nifty futures daily chart with resistance line.
• Price today tried to break above the resistance line but has found resistance at the line.
• Up move from here will be possible only if this line is broken. And 50 day moving average which is also near this resistance line.

RELIANCE Industries analysis

DAILY CHART

DAILY CHART

WEEKLY CHART

WEEKLY CHART

DAILY CHART

• Reliance gave a good range breakout trade this week. Yesterday's dip in the morning gave another good entry too.
• For now the stock remains above 50 and 200 day moving averages which will favor the bulls of reliance.
• Weekly chart shows MACD positive cross over, Stochastic is trending up which should give some more up ward momentum for the stock.
• But as mentioned in the last 2 charts, Price should hold on to 61.8% Fib level and also stay above the resistance line drawn in daily chart for continuing this upward momentum.
• RELIANCE RANGE IN HOUR CHART BEFORE BREAKOUT