ES Hour chart update

• One hour chart shows weakness at the top.
• Another close below 50 Hour SMA may result in correction.

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ES One hour Trend update

• ES Bulls continues the bullish move in a Bullish channel. 
• Moving averages too shows no weakness for the bullish alignment.
• Weakness for Hourly bulls only if price starts to trade below 50 Hour SMA.

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NIFTY Chart analysis

• Nifty daily is in a bearish channel. This could change to a Bullish flag as well.
• Weakness may resume if price falls below 20 Day SMA.
• Week took support at 20 Week SMA to avoid major weakness. Now major trend will resume if price sustains above 10400 levels.

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TESLA Above 200 Day SMA

• TESLA Month chart shows Crucial support zone between 288 - 291. Current swing low was at 292 which was near this support zone. Long term structure of the stock will take a hit only if price closes the Month or Week below 288 levels.
• For now though price has moved back above 200 SMA. Tesla bulls need to close above This moving average for bigger up moves to follow.
• Getting resisted here will be negative for Daily time frame.

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APPLE Month resistance line

• Apple Month candles are pausing at the resistance line.
• Crucial weekly support zone is between 163 - 166 Bigger weakness only if price closes the week below this zone.
• Daily will continue to remain weak below 20 Day sma.

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ES One hour chart update

• ES one hour chart shows price moving above 2649. If sustains above this level price may target 2660 levels again.
• Price took support at the 200 Hour SMA.

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NIFTY Chart Analysis

• Nifty Daily chart shows price reversing from 100 SMA.
• Weekly candle also shows Bulls trying to avoid a close below 20 Week SMA.
• Bears Need to close the week below 20 SMA to extend gains.

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