September 30, 2012

  • INTEL Weekly chart shows price near the channel support line, Price yet to hit the support line.
  • Daily chart shows a MACD Buy signal.
  • Fibonacci levels shows price closing below golden ratio. Trading below last week's low of 22.48 could extend the correction towards the channel support line shown in the first chart.
  • BEARISH MONTHLY CANDLE OF APPLE
-->

  • First chart of caterpillar shows price testing a crucial up trend line.
  • 2nd chart shows weekly cloud acting as resistance and the support levels in weekly chart.
  • Last chart shows a possible falling wedge pattern which will work well for bulls if 200 Week SMA acts as support.
  • BEARISH MONTHLY CANDLE OF APPLE
-->


  • SILVER Daily chart stuck in a range between 33.23 - 35.15
  • Weekly chart shows price breakout above 100 Week SMA. Holding above this line should lead to a breakout above 38.2% Fib level towards 37 Plus levels in silver for the coming week.
-->


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