- Apple hour chart with 50 hour moving average
- Price is testing 50 hour moving average. If price sustains above it we may see an up move. Breaking this moving average will extend gains for bears.
- Today's down move started when price broke down from a small rising wedge pattern in hour chart.
- THE GOLDEN CHANNEL
March 7, 2011
- ES 30 Minutes chart with support and resistance lines. Violation of these lines may give good direction.
- Hour chart is shown with the recent high low and important high and low points.
- Break of 1311.25 may push ES towards 1296.
- Break above 1325.75 will move price towards 1335 level.
- SPY WEEKEND UPDATE
- Tata Steel is trading close to its support and resistance line.
- Line chart of daily time frame shows price taking support at higher levels. So one can expect an upper breakout to happen.
- If the supporting trend line gets broken on closing basis we can expect good correction in this stock.
- BANK NIFTY TECHNICAL ANALYSIS
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