May 31, 2010


  • TRIANGLE IN EURO VS USDOLLAR INDEX I AM EXPECTING THIS TO BREAK ON THE UPSIDE.
  • MACD MAY GIVE AN EARLY INDICATION.
  • HAVE THE BOTTOM TREND LINE OF THE TRIANGLE AS STOP LOSS.
THANK YOU

  • EURO VS CANADIAN DOLLAR HAS FORMED A FALLING WEDGE KIND OF PATTERN WITH AN UPSIDE BREAK OUT POSSIBILITY.
  • IF 1.29500 IS TAKEN OUT IT CAN GO UP TO 1.31500
THANK YOU
WEEKLY

HOURLY CHART

  • EURO VS US DOLLAR INDEX IS MOVING IN AN UP MOVING CHANNEL AND CAN GO  UP TO THE TOP OF THE CHANNEL AT 1.26000
UPDATED CHART OF THE BELOW ONE

  • USDOLLAR VS SWISSFRANC HAS CREATED A CONTINUATION PATTERN IN THE HOURLY CHART.
  • THE HOURLY CHART IS IN UPTREND TILL NOW. A SIDEWAYS CONSOLIDATION IS GOING ON.
  • MOST LIKELY IT WILL BREAK ON THE UPSIDE GIVING 0.065 POINTS
THANK YOU

  • US DOLLAR CANADIAN DOLLAR WEEKLY TRIANGLE BREAK OUT.
  • TRADING ABOVE 1.03000 THIS MAY MOVE TILL 1.28000
THANK YOU

  • NIFTY HOUR DID NOT CLOSE BELOW 5048 (61.8%)
  • FIRST TARGET OF 5080 IS ACHIEVED
  • A DAILY CLOSE ABOVE 5080 WILL LEAD TO 5120(78.6%)
THANK YOU
NIFTY BEARISH VIEW
NIFTY BULLISH VIEW


  • NIFTY CLOSING BELOW 20 HOUR SMA WILL SURELY BREAK 5000.
  •  ABOVE 5050 IT IS POSITIVE AND NIFTY WILL TARGET 5080 AND 5120(78.6% FIBO LEVEL)
THANK YOU
NIFTY HOUR

  • NIFTY HOUR BREAK THE TREND LINE
THANK YOU
NIFTY HOUR CHART

  • IF 5180 IS HELD THE NEXT TARGET IS AT THE 78.6 LEVEL WHICH IS 5120.
THANK YOU
NIFTY HOUR

  • NIFTY IS CLOSE TO AN IMPORTANT TREND LINE IN THE HOURLY CHART
  • ONE CAN MOVE A GOOD MOVE ON EITHER SIDE. IF IT BREAKS A GOOD SHORT TRADE IS AVAILABLE.
  • ON THE CONTRARY A MOVE ABOVE DAY'S HIGH  ONE CAN INITIATE A LONG TRADE WITH DAY'S LOW AS STOP LOSS.
  • ONE CAN ALSO USE THE 20 HOUR SMA FOR FINE TUNING
THANK YOU
US DOLLAR INDEX WEEKLY VIEW

  • US DOLLAR INDEX WILL FACE RESISTANCE FROM A TREND LINE THAT WILL MEET THE PRICE AT AROUND 87-88 REGION.
THANK YOU
DLF LTD DAILY CHART

  • DFL IF NOT RESISTED BY THE 20 DAY MOVING AVERAGE AT AROUND 286 THERE IS EVERY CHANCE OF THIS STOCK MOVING TO 300+ REGION.
  • IF THE CONVERGING MACD GIVES A BUY SIGNAL THAT WILL ADD TO THE STRENGTH OF THE CURRENT MOVE.
THANK YOU
IFCI DAILY LINE CHART

  • IFCI HAS BEEN CONSOLIDATING FOR MONTHS NOW.
  • ONE THING IS SURE SINCE THE CONSOLIDATION IS LONG WHICH EVER SIDE THIS ONE IS GOING TO BREAK OUT THERE IS GOING TO BE A LARGE MOVE. OF COURSE BASED ON THE VOLUME.
THANK YOU

May 30, 2010

DOW JONES DAILY AND HOURLY VIEW

  • INVERTED HEAD AND SHOULDERS PATTERN IN THE HOURLY CHART IS YET TO SHOWS IT'S POTENTIAL.
  • THE DOWN SLOPING CHANNEL IS VIOLATED AND NOW DOW HAS AN ASCENDING TRIANGLE LIKE FORMATION TO BREAK OUT.
THANK YOU
APPLE RESISTANCE AND DIVERGENCE
  • APPLES RESISTANCE LINE SEEMS TO BE STRONG IN THE HOURLY CHART.
  • COMBINED WITH THE NEGATIVE DIVERGENCE THE STOCK MAY COME DOWN FROM THE CURRENT LEVELS IN THE COMING DAYS.
  • ONLY A STRONG MOVE ON THE UPSIDE AND A CLOSE ABOVE THE TREND LINE MENTIONED ON THE ABOVE CHART CAN BRING ABOUT A STRONG UPTREND.
THANK YOU
ORACLE CORPORATION WEEKLY AND DAILY

  • WEEKLY CHART OF ORACLE IS SHOWING A KIND OF RISING WEDGE. BUT THE CURRENT CORRECTION HAS MET WITH SUPPORT ON THE BOTTOM TREND LINE AROUND 22.
  • IF THE TREND LINE HOLDS A RALLY IS POSSIBLE TOWARDS 27.
  • THE 30 MINUTES CHART SHOWS A CHANNEL FORMATION WITH NEGATIVE DIVERGENCE. THE STOCK MAY FALL TO 22.00 AGAIN.

RENUKA SUGAR LTD DAILY CHART

  • RENUKA SUGARS LTD HAS GIVEN A BREAK OUT ABOVE 20 DAY MOVING AVERAGE
  • KEEP A STOP LOSS OF 52 FOR GOING LONG.
  • HAS MENTIONED LAST WEEK ABOUT RENUKA SUGARS POSITIVE DIVERGENCE LAST WEEK CLICK HERE TO VIEW THE POST.
THANK YOU

NIFTY DAILY CHART

  • NIFTY HAS MADE A REVERSAL FROM CHANNEL BOTTOM. MACD HAS NOT GIVEN A BUY YET. 
  • AS YOU CAN SEE THE LAST TWO TIMES WHEN NIFTY CAME CLOSE TO THE CHANNEL BOTTOM IT COMBINED WITH MACD CROSSOVER TO GIVE A GOOD REVERSAL
  • I AM EXPECTING IT TO HAPPEN AGAIN. BUT HAS RESISTANCE AROUND 5080. 
  • IT MAY GO DOWN A BIT FROM CURRENT LEVELS.
  • BUT THE CORRECTION FROM HERE MAY NOT BE TOO LARGE AND AN UP MOVE FOLLOWED BY THE BREAKING OF 5080 WILL TAKE NIFTY TO NEW HIGH'S.
THANK YOU
USD/JPY


  • THERE IS A TRIANGLE BREAK OUT AND IT LOOKS LIKE IT WILL TAKE OUT 94 AGAIN.
  • A 6 POINT MOVE FROM HERE IS WHAT I AM EXPECTING
THANK YOU

May 28, 2010

YAHOO DAILY VIEW

  • YAHOO INC IS TRADING CLOSER TO THE BOTTOM OF THE CHANNEL
  • AN MACD CROSSOVER HERE CAN TAKE THE STOCK TO 18 GAIN.
  • SEE HOW THE CHANNEL BOTTOM LINE AND MACD CROSSOVER HAS WORKED WELL FOR THE BULLS IN THE PAST.
  • A CLOSER LOOK IN THE DAILY CHART IS ALSO SHOWING A POSITIVE DIVERGENCE  IN THE CHART.
  • PRICE IS YET TO CONFIRM THE BREAK OUT.
THANK YOU
DOW ONE HOUR

  • DOW JONES ONE HOUR CHART SEEMS TO FIND SUPPORT EXACTLY AT THE ICHIMOKU CLOUD.
  • A BREAK OF THE CHANNEL ON THE UPSIDE ALONG WITH THE SUPPORT OF ICHIMOKU CLOUD CAN SET UP A GOOD LONG TRADE.
THANK YOU

DOW JONES HOURLY CHART
DOW GAVE A NICE TRADE WITH ICHIMOKU SUPPORT AND CHANNEL BREAK OUT SO LETS BOOK SOME PROFIT.

THE ORIGINAL POST BEFORE BREAKOUT CLICK HERE

WEEKLY CHART


  • STOCK HAS BROKEN AND CLOSED ABOVE THE WEEKLY CONSOLIDATION CHANNEL.
  • STRONG BULLISH ENGULFING PATTERN IN WEEKLY CHART
  • STOCK TRADING ABOVE 37 WILL MOVE UP AND MAKE NEW HIGH'S.
  • GOOD BUYING VOLUME WHEN COMPARED TO LAST FEW WEEKS.
THANK YOU

MICROSOFT DAILY AND WEEKLY VIEW

  • MICROSOFT DAILY MACD IS SHOWING DIVERGENCE.
  • WEEKLY CHART SHOWING PRICE GETTING SUPPORT BETWEEN 24-25
  • WEEKLY TRIANGLE HAS GIVEN A FALSE BREAK OUT ON THE DOWN SIDE. AND THE STOCK HAS RALLIED BACK IN TO THE TRIANGLE.
  • MY VIEW IS THAT 24 - 25 WILL BE GOOD SUPPORT ONE CAN GO LONG WITH A STOP LOSS OF 24. 
THANK YOU

DOW 30 MINUTES CHART

  • DOW JONES 30 MIUTES CHART SHOWS THE FORMATION OF AN ASCENDING TRIANGLE.
  • THE BREAK OUT OR BREAK DOWN CAN GIVE THE TRADERS AROUND 500 POINTS FROM THE POINT OF BREAK OUT.
  • LOOK OUT FOR FALSE BREAK OUT'S TRIANGLES PRESENT THEM TIME AND AGAIN
THANK YOU
MICRON TECHNOLOGY DAILY CHART

  • MICRON TECHNOLOGY DAILY MACD HAS GIVEN A CROSS OVER. AND THE DOWN TREND LINE IN DAILY CHART HAS BROKEN.
  • STOCK IS SITTING ABOVE IT'S SUPPORT OF 9.05. 
  • SEE HOW THE STOCK HAD A SIMILAR MACD CROSSOVER AND TREND LINE BREAK IN FEBRUARY WHICH RESULTED IN A RALLY TOWARDS 11.30 AREA.
  • WE CAN EXPECT THE SAME TO HAPPEN THIS TIME ALSO.
THANK YOU
UPDATED CHART OF MU ON 29-05-2010
THANK YOU
DOW JONES HOURLY CHART

  • THE CORRECTION FROM 10250 TO 10070 WAS COMING BECAUSE OF A STRONG NEGATIVE DIVERGENCE OF MACD IN HOURLY CHART SHOWN ABOVE..
THANK YOU

DOW 5 MINUTES

  • THE BREAKOUT FROM THE DOWNWARD CHANNEL WAS RESISTED BY THE 5 MINUTES ICHIMOKU CLOUD.
  • NEXT TIME WHEN IT BREAKS MAKE SURE IT CLEARS THE CLOUD CONVINCINGLY.
THANK YOU

DOW 5 MINUTES

  • THE DOWNWARD CHANNEL THAT'S DRAGGING THE INDEX DOWN.
  • LOOK FOR BREAK ON THE UPSIDE CHANNEL AND THE BREAK OF LAST SWING HIGH TO GO LONG.
  • 10150 MAY GIVE SUPPORT.
  • THE INVERTED HEAD AND SHOULDERS BREAK OUT IS STILL VALID IN HOURLY CHART. SO A LONG TRADE IS SAFER.
THANK YOU

NASDAQ 100 HOUR CHART

  • NASDAQ 100 MAY BREAK ABOVE 1875 IF NOT IT WILL BE BACK TO THE BOTTOM OF THE CHANNEL AT 1835.
  • BUT THE RESISTANCE LINE SEEMS TO BE VERY STRONG SEE HOW MANY TIMES THE INDEX HITS THE RESISTANCE LINE AND COMES BACK.
  • WE HAVE GOOD SUPPORTS TOO AT 1835 THE PARALLEL CHANNEL BOTTOM LINE COMES HERE.
THANK YOU
APPLE HOURLY CHART

  • APPLE ON CROSSING THE RESISTANCE WILL REACH 264 AND 272
  • LONG TRADE SHOULD HAVE THE BREAK OUT POINT AS STOP LOSS OR JUST BELOW THE BREAK OUT POINT.
  • APPLE IS EXPANDING IT'S BUSINESS TO INDIA. APPLE INC IS PLANNING TO SELL IPADS IN ASIA. SO ALL THIS WILL REFLECT IN THE CHARTS
THANK YOU
APPLE INC DAILY CHART
  • APPLE INC WILL BREAK THE DOWN SLOPING RESISTANCE LINE IF MACD MAKES A POSITIVE CROSSOVER.
  • THE FIRST TARGET FOR THIS BREAK OUT WILL BE 264 THEN IT CAN REACH 272
THANK YOU
NIFTY 5 MINUTES

  • NIFTY 5 MINUTES RANGE IS ALL SET TO BREAK ON THE UPSIDE.
  • BUT A BREAK BELOW THE ASCENDING TREND LINE CAN BRING IT BACK TO 5020.
  • BREAK OUT ABOVE 5061 WILL BRING 5080.
  • BREAK DOWN BELOW THE ASCENDING TREND LINE WILL BRING IT BACK TO 5020.
THANK YOU
TATAMOTORS DAILY CHANNEL
  • MACD CROSSOVER NOW CAN GIVE AT LEAST 817.
  • LOOK HOW THE STOCK BEHAVES SIMILARLY WHEN MACD CROSSOVER HAPPENS NEAR THE CHANNEL BOTTOM.
  • ONE CAN REMAIN LONG IN THIS STOCK. MACD CROSSOVER WILL GIVE GOOD PROFITS IN THE COMING DAYS.
THANK YOU

  • NIFTY HAS FORMED A RANGE IN 5 MINUTES CHART 5017 LOW AND 5061 HIGH. AS WE ARE IN AN UPTREND THE BETTER TRADE WOULD BE TO LOOK FOR AN UPSIDE BREAK OUT ABOVE 5061
THANK YOU

x
NIFTY HOURLY CHART

  • Nifty hourly chart shows pressure coming at the 61.8% levels in hourly chart.
  • Those who use fibo levels with technical analysis will find it easier to enter and exit trades.
thank you

NIFTY HOUR CHANNEL AND TRIANGLE
  • NIFTY IS STILL STUCK IN THE HOURLY TRIANGLE. SHOULD TRADE ABOVE 5040 FIRMLY FOR THE UPTREND TO CONTINUE.
  • AS EXPECTED EARLIER THE 2ND ATTEMPT OUT OF THE CHANNEL WAS SUCCESSFULL.
Thank you
NIFTY DAILY CHART
  • NIFTY HAS TURNED UP STRONGLY ALONG WITH DOW AND S&P
  • NOW IT LOOKS LIKE IT IS SAFE TO PLAY LONG IN NIFTY TILL 5152 MINIMUM WERE THE NEXT RESISTANCE BAND OF 5152 - 5195 COMES.
  • DOW AND S&P HAS GIVEN A BREAK OUT FROM INVERTED HEAD AND SHOULDERS I HAVE UPDATED THE CHARTS IN THIS BLOG.
THANK YOU

Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

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