November 16, 2012

 
  • ES Daily chart shows Resistance at 50 Day SMA.
  • Support is seen at 20 Day SMA.
  • Silver bulls need price to sustain above 4 Hour cloud which may result in up moves.



 
  • ES hour chart shows possible resistance levels in falling resistance line 
  • 50 and 100 Hour SMA also has to be crossed for a bigger up move to happen.
  • Crucial support level is the Golden ratio shown in daily chart.



  • Apple Monthly chart shows price testing March and May month lows. These levels have resulted as support levels in the past.
  • If 516 - 522 zone is broken and week closes below 50% Fib level apple may fall towards the Golden ratio or the Monthly Middle Bollinger band which is near 490 levels.
  • ES CHART ANALYSIS

 

  • Weekly chart of nifty shows price near crucial support levels.
  • Price is still in a range. Bulls and bears need a weekly close outside the current range for a bigger move to happen.
  • BANK NIFTY LIVE CHART WITH AUTO REFRESH
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  • Daily chart shows price nearing the target for the bearish breakdown.
  • Price is nearing the Golden ratio.
  • Price continues to move away from 200 Day SMA.
  • Bulls must hope for a Daily reversal candle at this stage for a possible trend reversal to happen.

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