APPLE Chart Analysis

• Price has taken support at 50 Day SMA.
• Daily cloud is yet to be tested.
• Resistance at 20 Day SMA. For bulls of Apple  this  up move has to trade and close above 20 Day SMA  for a bigger up move to happen.

Bank of America Chart Analysis

• Weekly chart testing Middle Bollinger band and 50 Week SMA.
• MACD Histograms are showing positive divergence But there is no buy signal yet.
• Immediate support at 7.95 and 200 Day SMA. Resistance at 8.40 and 50 Day SMA.

TATA STEEL in a Range

• Tata steel is trading in a range of 442 - 482.
• For bulls of Tata Steel price must sustain  above 200 SMA and breakout above the resistance line shown in 2nd chart.
• 3rd chart shows Bollinger band contraction with reducing volumes. Volume spike and closing outside the band may give good direction.
• Last chart is the weekly chart with Bollinger band.  Price sustaining above 20 Week SMA should favor bulls of Tata Steel.

GOLD Triangle update

• Gold weekly chart in a triangle pattern.
• Price is trading inside the weekly cloud. Price may continue in the direction of the breakout from the cloud. Price taking support at the base of the cloud shows a possibility of an upper breakout.
• Gold will be weak below  1623 and 1612 and strong  above 50 day SMA.