March 1, 2018

ES Chart analysis after closing bell

Rising wedge
Rising wedge
es daily after market
  • ES 4 hour chart shows the rising wedge breakdown. First target is around 2683 levels. Bulls may try a bounce from 2683 levels. Bigger weakness if price break and stay below 2683 levels.


CRUDE Oil testing 50 Day SMA

  • First chart shows price getting resisted at previous broken support level around 64. Price is now heading towards 60.70 levels. If daily candle closes below 50 Day SMA then a bigger fall is likely towards 100 SMA or 58 levels.
  • ES Charts after closing bell



February 28, 2018

GOLD Chart Analysis

  • Gold daily chart shows price nearing support zone.
  • Hour chart looks like it will give another low towards 1300  -  1310 zone before a bounce can happen. Any fall below 1300 on closing basis means bigger trouble for Gold bulls.


ES Chart analysis after closing bell


  • ES Daily chart shows a bearish engulfing. This set up will look good only if price closes below 50 Day SMA in daily time frame.
  • 4 hour charts  are shown with crucial support and resistance lines. Price for now is  testing the support line of the rising wedge pattern. This pattern mostly resolves in favour of bears after an up move.


February 27, 2018

ES Chart analysis before opening bell

  • Month candle shows the 200 plus points recovery But with one more day for month close the month candle is likely to be a Doji one. If March month is going to be a bearish one, Month will complete a Bearish set up.
  • 4 Hour chart shows a possible rising wedge pattern. This mostly ends in favour of bears.
  • 30 Minutes chart shows price trending above the cloud. Bears need a cloud break in this time frame to see weakness.


NIFTY Intraday and Month chart Analysis

  • Nifty hour chart is testing resistance zone
  • Day is also struggling at 50 Day SMA. Bulls will gain more strength only if price closes above 50 Day SMA. Day close at the current levels or lower will be negative for bulls.
  • Month chart is shown with crucial price zone of 10530. Month close below this level will confirm bearish engulfing in Month chart. So with one more day to go for month close this price action is important.


February 26, 2018

ES Charts before opening bell

  • Week is trying to break into the bullish zone.
  • Daily is already back above 20 and 50 Day SMA. If today's candle closes stays above these lines bulls may gain further momentum. If today is a bearish close below 50 and 20 SMA then bears may resume the fall.