- Google sustaining above the trend line and 20 Day SMA. For bears of Google these two levels has to break for a bigger fall.
- One hour chart shows price getting support at 38.2% Fibonacci level. Breaking below this level may resume the fall.
- APPLE CHART ANALYSIS
October 12, 2012
- Infosys weekly chart is near the falling trend line. Price yet to hit the resistance line.
- Price is staying below the weekly cloud. So breakdown below 2460 will favor bears to extend the fall .
- Bulls need to close above the weekly cloud for a possible breakout above the falling resistance line.
- TATA STEEL ABOVE RESISTANCE LEVELS
- ES 4 Hour chart shows price in a rectangle like range with price at the range bottom
- Daily chart too shows price above crucial support levels.
- 4 Hour chart shows price getting resisted at 200 period SMA. Close above this line should start an up move towards the top of the range. Trouble for bulls below 1424
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