December 13, 2017

ES Hour chart update

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

December 12, 2017

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.

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.

December 11, 2017

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.

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.

December 8, 2017

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.

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.

December 7, 2017

ES One hour chart update

  • Bulls for now successful in staying above 200 SMA.
  • Immediate resistance is the hourly cloud.
  • Staying above both these levels will favour ES Bulls.
  • Hope for bears only if 200 Hour SMA breaks. 

CRUDE Oil support and resistance levels

  • Crude oil weekly resistance line is looking good for now. Weekly close at the current levels or lower will strengthen crude bears further.
  • Bulls can see support around 54 levels and the rising support trend line shown in daily time frame. If this area does not hold a bigger breakdown is possible.
  • Hourly cloud may be kept as stop loss for short trade.

December 6, 2017

ES Chart analysis before opening bell

  • ES one hour chart shows price resting at 200 Hour SMA.
  • 4 Hour chart too shows crucial support zone at 2620 levels. Bears must break below this zone to extend gains. Bulls likely to get a bounce from the current levels.

ES Analysis after closing bell

  • ES hourly cloud is broken
  • Next support is 200 Hour SMA. Bigger weakness possible if 200 SMA is broken.

December 5, 2017

ES Analysis after closing bell

  • ES one hour chart testing crucial moving average and Ichimoku cloud. 
  • Daily candle shows weakness. If hourly levels shown above breaks then Bears can extend weakness into higher time frame as well.

December 4, 2017

CRUDE Oil support levels

  • 4 Hour and Daily shown with crucial support lines.
  • Price likely to test these lines. Bears must take it from there. Bears need a close below these lines for bigger correction to follow.
  • CRUDE Oil Weekend update

Google Weekend Update (Alphabet)

  • Month Time frame has a perfect Bearish Pin Bar. Weekly has a bearish engulfing pattern. Now bears need price to fall into the previous Weekly range, That is below 1000 Levels.
  • Bulls will expect the Range top to act as support. Bulls need to stay above 1040 levels to negate the bearish view
  • CRUDE Oil Weekend update

December 2, 2017

CRUDE Oil Weekend update

  • Crude oil weekly candle shows loss o momentum again for bulls But bearishness is yet to confirm.
  • Daily chart shows price above 20 Day SMA and the up trend line. These two must break soon or  a bigger breakout may happen. Since price is near weekly resistance zone a close below the support levels in daily time frame is crucial. 

December 1, 2017

NIFTY Weekend update

  • Nifty month chart shows a Bearish November candle. December candle is following Novembers trend. 
  • Price is approaching crucial support levels in 20 Week SMA and Month lows. A weekly close below 20 Week SMA may extend this fall.

November 29, 2017

CRUDE Oil support and resistance levels

  • Week time frame shows price reacting from resistance zone. Crude bears need to do more to confirm weakness in Weekly time frame.
  • Day is above 20 Day SMA. Daily close below This line may result in an extended correction. 

November 28, 2017

ES One hour chart update

  • Price near crucial support zone. Possible short trade in hour TF if closes below the cloud. Bulls need to stay above the cloud and 100 SMA to avoid weakness in hour.

November 27, 2017

ES chart Analysis before opening bell

  • ES hour chart shows an Ascending triangle.
  • Crucial support levels for the day are 2600 and the Moving average lines shown in chart 2.
  • IWM Weekend update

November 25, 2017

IWM Weekend update

  • First chart is the weekly time frame which shows the Huge broadening formation. Bulls are safe till price stay above the resistance line of this pattern. Once and If price falls back into the pattern bigger correction is possible.
  • 2nd chart also the Weekly time frame shows possible target level of 156 Provided price stay above 150 levels.
  • Weakness in smaller time frames if price fall below 150 levels.
  • ES Weekend update