December 24, 2012

  • EURUSD Daily chart is testing the breakout above the resistance levels.
  • Daily chart shows negative divergence. During trending moves divergence doesn't work well.
  • Price sustaining above crucial moving averages. Weakness on price falling below 20 day sma.
  • APPLE WEEKEND UPDATE
-->

  • Daily chart shows price at lower bollinger band which may result in a bounce.
  • MACD sell signal is doing well so far as price breaks the range. For bears price has to sustain below 23.6% Fib level for more falls.
  • If price gets back into the range we may see a rally for the false breakdown.
  • APPLE WEEKEND UPDATE
-->
 
  • Daily MACD is showing a sell signal But price yet to break below daily range or 20 Day SMA.
  • Weekly chart is also showing price above crucial support levels as shown in last two charts. These two levels in weekly has to break for a bigger down move to happen.
  • NIFTY WEEKEND UPDATE
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
-->



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