December 31, 2012

 

  • APPLE Daily chart nearing 20 day sma.
  • Immediate resistance level at 534 levels
  • For bigger up moves price must break the 4 Hour cloud and the falling resistance line.
  • COCA COLA CHART ANALYSIS
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  • EURUSD Previous resistance level continue to act as support.
  • Daily chart nearing 20 Day SMA.
  • 4 Hour chart shows price near 38.2% Fib level which may act as support.
  • FORD MOTOR BREAKOUT
  • DEATH CROSS OF DOWN JONES
  • COCA COLA CHART ANALYSIS
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  • 15 Minutes of nifty chart shows price contraction.
  • Breakout or breakdown could lead to a bigger move.
  • One should also expect a failed breakout too to reverse the trade appropriately. Failed breakouts often lead to bigger moves.
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  • Nifty month charts shows price getting resisted by multiple resistances like. Upper bollinger band, 78.6% Fib level and Multiple resistance lines. Bulls need to trade above all these levels to continue the up move.
  • For bulls the entire month candle stands above the Month High EMA. So the month High EMA area will act as crucial support level.
  • Daily chart is showing an inside day pattern But the range in which price is trading will reduce the effect of candlestick formations. So one has to wait for this range to get resolved for bigger moves to happen.
  • DEATH CROSS OF DOWN JONES
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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December 30, 2012

 
 
  • COCA Cola weekly chart nearing crucial support levels.
  • Price threatening to break the weekly cloud. Price also near 100 Week sma and previous resistance level which may also act as support.
  • Bulls of coca cola need to sustain above the weekly cloud to resume the long term trend intact. 

 
  • First chart shows price getting resisted at 20 Week SMA. Price will continue to stay Weak below Middle bollinger band.
  • 2nd chart shows possible support levels if the correction continues.
  • Last chart shows hope for bulls in the up trend lien and the Oversold weekly RSI. For bulls price should hold above the up trend line.
  • FORD MOTOR BREAKOUT
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  • Daily chart shows a MACD sell signal.
  • For the above signal to work well price has to break below crucial support level in daily and weekly charts. Daily chart is nearing 50 Day SMA and Weekly chart is testing 20 Week SMA. Trading below these levels could lead to a bigger down move in the coming week.
  • DEATH CROSS OF DOWN JONES
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  • FORD Motor has given a breakout above the weekly resistance line as shown in first chart.
  • 2nd chart is also good news for bulls as weekly candle has given a breakout above the Weekly Ichimoku cloud. Medium term looks good for Ford Bulls.
  • For next week price should sustain above 13.05 levels for targeting 50% Fib level and more.
  • DEATH CROSS OF DOWN JONES
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December 29, 2012


  • S&P 500 Daily chart with fib fan shows price heading towards the next fib line.
  • Daily chart also shows 200 Day SMA near 1390 levels.
  • Weekly chart shows 50 Week SMA at 1384 and rising support line as possible support levels.
  • DEATH CROSS OF DOWN JONES
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  • CISCO Candlestick charts shows a potential reversal formation.
  • Price has failed to stay above 200 Week SMA. Week closed below 200 Week SMA.
  • Price has also fallen below 20 Day SMA. Price sustaining below 20 SMA will extend gains for CSCO Bears.
  • DEATH CROSS OF DOWN JONES
 
 
  • Dow Jones daily chart is getting ready for a death cross.
  • The weekly rising wedge is also looking good for bears. Weekly candle also closed below 50 Week SMA.
  • Last chart shows levels which may act as support for the coming week. 
  • APPLE CHART UPDATE
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December 28, 2012

  • SPY Near crucial support levels in daily chart.
  • 38.2% Fib level for 128 - 148 is giving support for now.
  • Daily chart is also near 200 Day SMA.
  • More falls if these levels are broken on closing basis.
  • APPLE CHART UPDATE
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  • Daily chart shows support and resistance lines of apple.
  • For bulls of Apple week must close above the two support lines drawn in second chart.
  • last chart shows 20 Month SMA trying to stop a bigger fall from happening. A monthly close below this level could lead to bigger falls in Apple
  • FACEBOOK SUPPORT LEVELS
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  • Bank of America daily chart shows price moving up in an ascending channel. Price sustaining inside the channel will continue to favor bulls of BAC.
  • 2nd chart also shows price with MACD. Daily MACD is still going strong, No sell signal yet. Bears need a channel break and MACD sell for bigger correction.
  • Weekly chart shows price making higher high while indicator making lower high. In strong trending market this doesn't mean much. Bears need weakness to confirm weekly negative divergence.
  • FACEBOOK SUPPORT LEVELS
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  • FACEBOOK Daily chart sustaining below 20 SMA may extend gains for FB bears.
  • Next fib support at 38.2%. A Stronger support level at 50 Day SMA and 50% Fib level.
  • Last chart shows previous resistance zone at 24.25 - 24.54 If the correction extends this level may act as support.
  • NIFTY continues to trade inside the range with two false breaks on either side.
  • One has to trade this 100 point range till a close beyond the false breaks happen on closing basis.
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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  • CRUDE Oil bulls testing the resistance line in daily chart.
  • Weekly chart shows price moving towards 50 Week SMA and the falling resistance line. If the resistance line in daily chart gets broken we could see a move towards 94 - 95 levels.

 
 
  • Dow Jones daily chart testing 200 Day SMA and crucial support level at 12977. Daily close below these levels could take Dow towards 50% Fib level as shown in 2nd chart.
  • A bigger fall looks likely if the pattern shown in last chart starts to perform. Two weekly candles before the current week candle tested the broken support line of the rising wedge and price failed to get back into the pattern, If price closes lower this week we may see the pattern taking effect again leading to bigger falls. 

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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My Favourite Quote

"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