August 14, 2012

  • APPLE Hour chart shows negative divergence with MACD histogram
  • Weakness only if price trades below the hourly up trend line and 50 Hour SMA.
  • Breakdown possible only if price starts to trade below the hourly cloud.



  • GOOGLE Weekly chart with bollinger band shows price testing the upper bollinger band. Bears of google need a bearish candle at this level.
  • 2nd chart shows a possible resistance line which could act as resistance.
  • ES RANGE BREAKOUT


  • ES Hour chart shows a range breakout.
  • Price falling back below 50 Hour SMA shall result in a failed breakout.
  • If the breakout sustains price may target the red resistance line as shown in the last chart.
  • A failed pattern may result in a fast fall in  favor of bears.



 
  • There is a triangle pattern in the daily chart and 20 SMA in the middle of the triangle pattern.
  • 50 Day SMA and the triangle support line are crucial supports for BN.
  • Price is getting support at 50 Day SMA. Sustaining above 20 SMA should take BN towards the upper resistance line of the triangle pattern.
  • DLF RESISTANCE LEVLES


  • DLF Bulls will gain momentum on trading above the resistance line and 220 levels as shown in last chart. A weekly close above the cloud would also help the stock to move towards 232 which is the 100 Week SMA. Price is likely to get resisted at 100 Week SMA.
  • For a bigger up move in this stock price must trade above 100 Week SMA. Unable to cross above 220 levels will be negative in the very short term.


  • SPY in a bullish rectangle.
  • Bullish only if price is able to sustain above 50 Hour sma.
  • Falling below 50 Hour sma could give a fall towards 139.80 and a possible range breakdown.


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.

Followers

Blog Archive

Powered by Blogger.

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