- Intel weekly chart shows price near weekly trend line which may result in a bounce from the trend line in favor of the bulls.
- Main resistance bulls need to cross is the 200 day moving average.
- MACD in daily time frame is showing a bullish alignment.
- So one can stay long above 200 dma towards 22 with a small stop loss.
- Bigger correction possible only if the weekly trend line gets broken.
- SPY WEEKEND UPDATE
Posted by San at 10:55 PM
- Down trend line in weekly chart is broken and stock has started to move up.
- Stock can move up till its 20 week moving average which is near 260 level. Close above this level can give further upward momentum for the stock towards 50 week moving average.
- Weekly MACD is about to give a buy signal which is good news for the bulls of DLF.
Posted by San at 7:59 AM
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.