SBI Chart Analysis before RBI Policy

• SBI Daily chart shows a bearish engulfing at 100 Day SMA. So for bulls its very simple they have to trade above the last four days High for positive momentum to happen.
• For bears though yesterday's price action is an advantage. But they have to break and stay below 1660 to start another down move. Bigger falls only if price is able to take out 50 Day SMA and the rising support line shown in second chart.
• So Bullish above 1735+ levels and Bearish below 1660.

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SILVER Resistance levels

 

 

• Silver daily chart shows price testing 200 day SMA.
• Price is also testing daily cloud. Silver bulls need to close above the cloud and 50% Retrace level for a bigger move to happen.
• ES SUPPORT LEVELS

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EURUSD Channel and Golden ratio

 

• EURUSD Daily chart shows price hitting a possible channel resistance. Weekly chart shows price testing the golden ratio. Monthly chart is shown with the falling resistance line, Price yet to test this line. EURUSD may give a small correction here But it may resume the up move to hit the monthly falling resistance line which will be followed by a bigger fall.
• ES Chart update

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ES Chart update

• Price may test the breakout from ascending triangle. Previous resistance zone of the ascending triangle also coincides with 38.2% Fib level and 50 Hour SMA. Bears need to close below this level for a bigger down move to happen. Correction limited to this zone may result in a bigger up move.
• DOW Jones Weekend update
• CRUDE OIL Weekend update

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TCS Bullish Engulfing and Support levels

• TCS Daily chart shows price violating the up trend line but managed to close back above it.
• Price has given a bullish engulfing pattern close to 50 Day SMA. Bears of TCS need a close below 50 Day SMA, Bulls need to close above 2080 levels to confirm a bullish move.
• Weekly chart looks bearish with the Topish weekly candle which need a weekly close below 1995 for a breakdown to follow.
• DOW Jones Weekend update

APPLE Weekend update

• For apple bulls price must sustain above 522 to target the next resistance level at 544 which is the 50% fib level and Weekly cloud top.
• Weakness can be seen on closing below 514 which is the 100 Week SMA AND on a closing below 505 price may resume the down move again.
• DOW Jones Weekend update
• CRUDE OIL Weekend update
• ES Ascending Triangle

INTEL Weekly Triangle

• INTEL Weekly chart shows a triangle pattern with price moving towards the resistance line of the triangle. On closing basis price has closed outside the pattern as shown in second chart. 
• Last chart shows price closing above 100 Week SMA. Sustaining above this line should lead to up moves in the coming week.
• ES Ascending Triangle
• DOW Jones Weekend update

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