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
I MADE A MISTAKE IN THE VOLUME ANALYSIS PLEASE DON'T CONSIDER THIS POST. I THANK TICKER STREET FOR POINTING OUT THE MISTAKE. THE VOLUME BAR WAS 12K AND NOT 12M AS I THOUGHT. THIS MISTAKE WILL NOT HAPPEN AGAIN. I SAY SORRY TO MY READERS.
LMNR

  • LMNR HAD A BREAK OUT TODAY WITH GOOD VOLUME INCREASE
  • STAYING ABOVE $17 WILL ATTEMPT TO HIGHER IN THE COMING DAYS
  • AFTER 18 IT WILL GO TO 20 WERE THE FIRST RESISTANCE COMES. THEN IT CAN GO TO 26.
THANK YOU

RUSSELL 2000 INDEX HOURLY CHART

  • THE INDEX HAS MADE A TURN AROUND IN THE HOURLY CHART.
  • A CLOSE ABOVE 675 WILL CONFIRM THIS IN THE COMING DAY'S
THANK YOU

TRIANGLE 
  • THE BREAK OUT ABOVE 1100 CAN BRING ANOTHER 40 POINTS. SO TARGET FOR BREAK OUT WILL BE 1140 WITH A STOP LOSS OF 1095.
  • THE BREAK DOWN BELOW 1090 MEANS WE WILL GO TO 1050 AGAIN. PLAY THIS SCENARIO WITH A STOP LOSS OF 1095.
CAUTION: TRIANGLES GIVE FALSE DIRECTION SOMETIMES. BUT THIS TIME WE HAVE AN INVERTED HEAD AND SHOULDERS TO ASSIST US.
THANK YOU

S & P 500 INVERTED HEAD AND SHOULDERS

  • THE INDEX HAS GIVEN AN INVERTED HEAD AND SHOULDERS BREAK OUT.
  • THE PLACE OF BREAK OUT 1090 WILL BECOME SUPPORT NOW.
  • KEEP A STOP LOSS 1085 TO GO LONG
  • INDEX MIGHT TAKE A SIDE WAY'S PAUSE FOR A SHORT TIME BEFORE GOING  UP AGAIN
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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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore