September 24, 2017

NIFTY Month Week and daily charts

  • Month Chart is pausing near a possible resistance line.
  • Weekly chart is showing slight bearishness with an engulfing pattern, This pattern needs follow up price action to confirm bearishness.
  • The levels for bears to conquer are 50 Day SMA in daily time frame, In Week its around 9780 for next week. Week closing below this level will tilt the balance in favour of bears. In month its 9600. But for now bulls need to defend 50 Day SMA. If price stays above this  moving average then the bearish view will be negated for now.
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September 22, 2017

FACEBOOK Range and 50 Day SMA

  • Facebook in a range of 165 to 174 with centre point at 169 levels.
  • Bulls need to stay above 50 Day SMA and 169 level for extending the up trend.
  • Weakness on closing below 169 and 50 SMA which may give 165 levels on the downside.
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September 21, 2017

APPLE Chart analysis

  • Apple testing crucial support levels.
  • Closing the day below 154 and 100 Day SMA may further weaken the Bulls.
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