ES Chart analysis

• ES one and 4 hour charts shows price near recent swing high which may act as resistance.
• 50 Hour SMA and 30 Minutes cloud are crucial support levels. Closing below these levels may lead to a bigger fall.

AMAZON Trend Analysis

• Amazon weekly chart shows price at the rising support line.
• Weekly stochastic looks oversold. But price yet to confirm a reversal candle.
• Hour chart continues to favor bears as it trades below the cloud. for bulls of amazon price need to stay above the hourly cloud.

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GOLD Bearish flag

 

 

• GOLD One hour chart shows  a bearish flag pattern.
• Price sustaining below 200 Hour SMA and cloud will favor gold bears. 

BANK Nifty chart update

• Bank nifty daily chart falls below 5 Day Low EMA after a long gap.
• MACD Lines in daily time frame looks weak But price needs to stay below 20 day SMA For this setup to work well for bears.

Bank nifty chart update

• Bank nifty chart shows price pausing at weekly resistance zone. 
• Daily chart shows negative divergence. Price yet to confirm weakness for the divergence. During trending phases divergence can fail so one has to wait for weakness to be seen for shorting.
• Price continues to take support at 5 day low ema. Daily closing below this level may hint of a weakness.

ES Chart update

• ES 4 hour chart shows price getting back towards the broken support zone of the range. Range support zone may act as resistance.
• More weakness only if price falls below 30 Minutes cloud.

APPLE Weekend update

• Above charts shows possible support levels for apple. A bigger fall only if 200 SMA is not held on closing basis.
• APPLE BEARISH ENGULFING

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