ES Support levels

• ES Support levels in 30 Minutes and one hour time frame.

RELIANCE Capital Chart update

• Yesterday/s Bounce from 50 Day SMA is taking  reliance capital towards crucial resistance levels.
• Weekly chart shows overhead resistance at 50 and 100 Week SMA.
• Daily chart shows resistance line between 386 - 388 level. 

ES Chart analysis

• ES is trying to stay above the small range shown in 30 Minutes time frame from which it gave a breakout earlier.
• Range top has given support for now. Bears may break it if gets tested again.
• Trend line and Cloud are crucial support levels for this time frame.

APPLE Hour chart update

 

• Apple bearish cross continues to do well.
• Price has fallen below 200 Hour SMA. Sustaining below it should extend the fall further.
• Price is testing 50% Fib level. Hour close below this level may extend this up to the golden ratio before a bounce could happen in this time frame.

FORD Bullish breakout and Resistance levels

WEEKLY CHART
 

MONTHLY CHART

• Ford 4 hour chart shows a bullish breakout from a W pattern.
• But price is nearing multiple resistance levels which has to be crossed for a bigger breakout to unfold.
• Golden ratio in weekly chart and Monthly falling resistance line are crucial resistance levels to cross.

APPLE Chart analysis

• APPLE Daily MACD shows bearish alignment. Breakdown below 20 and 50 Day SMA will extend the fall in daily chart.
• Weekly indicator is showing bullish alignment But price action in weekly chart is not supporting this view. Bearish weekly candle at 20 Week SMA is favor bears of apple for now.
• 435 levels also looks crucial support as it is a confluence of 50 SMA and 38.2% fib level.
• ES CHANNEL RESISTANCE

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ES at channel resistance

 

• ES Four hour chart shows price hitting the parallel resistance line of the channel. This is most likely to be followed by sideways correction and another breakout.
• ES one hour chart shows the ranges and upper breakouts.
• Bears need range breakdown and close below 100 Hour SMA for a meaningful correction to happen.

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