RELIANCE Industries Chart update

 

• Resistance levels for reliance industries in daily chart.
• Close above 1013 levels will strengthen reliance bulls further.

EURUSD Chart update

• EURUSD Daily chart testing the recent lows
• Weekly chart shows price at 78.6% Fib level
• Month chart shows price testing crucial support zone. Pair is likely to hang around these levels for one or two months before moving up again. Bigger moves on the downside only if 1.20 levels are broken on closing basis. 

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NIFTY Chart update

• NIFTY Forms a full candle above the recent resistance zone.
• Last MACD Buy signal continues to look good.
• Possible resistance line shown in last chart.

GOLD Month and Weekly chart update

• Week and Day shows price violating crucial support levels.
• Month chart is testing a crucial long term trend line. If this one too goes on closing basis then gold is likely to see bigger falls.

TWITTER Chart analysis

 

• While the weekly and Daily Medium term signals looks good for bears, Bulls may get a bounce from the Golden ratio and the GAP Fading as shown in chart 2 and 3.
• Bears need the weekly candle to close at the lows today. Yesterday's Doji candle may spoil a perfect bearish weekly candle though.

RELIANCE Industries chart analysis

• Reliance industries heading into a resistance line and daily cloud.
• Price need to sustain above 50 day sma to extend this up move.
• Clearing 1010 - 1015 levels on closing basis may give bigger up moves. Weakness at the resistance line may lead to a correction

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SILVER Testing recent lows

 

• Silver daily getting resisted near 50 Day SMA
• Hour chart shows a range breakdown.
• sometimes before a big reversal a false spike below the recent low is possible. If daily does not give a lower close there is hope for silver bulls. But for now it remains a hope for those who were long.
• All major time frames remain in favor of bears.
• SILVER TREND UPDATE

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