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DOW JONES Testing the trend line

  • Dow jones four hour chart with the down trend line.
  • Price is testing this trend line. If bulls are to extend gains they have to break this trend line convincingly. 
  • Price consolidation here may result in a fall.
Posted by San at 11:21 PM 1 comments

SPY - Bulls Trying to break the cloud

  • SPY 4 Hour chart with the cloud
  • Trend will turn in favor of bulls completely only if they manage to break the cloud and stay above it.
  • Till that happen bears has the option of selling this rally.
Posted by San at 8:35 PM 0 comments

SPY Violates the resistance level

  • Price has violated the resistance level of 129.80 level.
  • Now for bulls price should stay and close the day above 129.80 .
  • Price falling below this level will favor bears
Posted by San at 8:01 PM 0 comments

CISCO - Grave Stone Doji

  • CISCO has given a Grave Stone Doji pattern.
  • It's a Bullish reversal pattern. But needs price confirmation. In this case price movement is looking good for the bulls. Weekly close above the last weeks high will be good for bulls.
  • Second chart too shows a bullish pattern. Break of the resistance line can give a rally.
  • Price breaking below the grave stone Doji will favor bears
Posted by San at 6:40 PM 2 comments

NIFTY Near Resistance level

  • Nifty Knocks 5604 one more time.
  • We have to see the price action here. Only a daily close above this level will confirm strength.
  • ABOVE BROADENING PATTERN WAS SUGGESTED IN THIS POST
Posted by San at 11:26 AM 0 comments

NIFTY Intraday Update

  • Nifty moving up towards the resistance level of 5604 with an unfilled GAP.
  • So if price struggles near 5604 level we may see a pull back towards the GAP.
  • NIFTY WEEKLY CHART
Posted by San at 9:34 AM 3 comments

NIFTY Weekly chart Analysis

  • Price approaching its weekly resistance level.
  • Recent attempts to stay above 20 week moving average has failed.
  • So a bigger breakout cannot be seen unless price closes above 20 week moving average.
  • Second chart shows stochastic turning in favor of bulls. Now if the corrections are not large price may continue to move up. 
  • Lets wait and see how price reacts near 20 week moving average. 
Posted by San at 8:20 AM 2 comments

SPY Selling Zone

  • SPY Hour chart with the selling zone.
  • 129.60 - 129.80 level is acting as resistance in hour chart.
  • Daily close above this level may push price above this zone. Unable to cross this level will result in selling.
Posted by San at 12:24 AM 0 comments

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