December 26, 2012

 
  • First chart of BAC Shows the sideways ranges giving upper breakouts.
  • Right now price is testing a crucial resistance level. Bulls need a weekly close above 200 Week SMA and Golden ratio for a bigger up move to happen.

 
  • CRUDE Oil Moving towards a possible resistance line as shown in first chart.
  • Price above 50 and 200 day SMA.
  • Last chart shows Fibonacci resistance levels.


 
 
  • Weekly chart shows weakness at 200 Week SMA.
  • Price near weekly resistance line.
  • Daily chart shows price testing 20 Day SMA. Bigger fall possible on breaking below 20 day sma.
  • RIMM CHART UPDATE
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  • TCS is rising towards resistance line and 50 Day SMA a possible confluence of resistance.
  • Price in weekly chart is trying to form a bottom near Weekly lower bollinger band and the up trend line shown in last chart.
  • This can go either way so its better to wait for the contraction pattern shown in last chart to get resolved before taking a position.
  • RISING WEDGE OF HDIL
  • NIFTY 50 STOCKS FREE LIVE CHARTS
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  • Daily MACD is getting ready for a sell signal in SBI.
  • Weekly charts are near crucial resistance levels.
  • Price sustaining above crucial moving averages will favor bulls of SBI. Weakness will be visible on price trading below 20 Day SMA.
  • RISING WEDGE OF HDIL
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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  • HDIL Has given a good breakdown from the rising wedge pattern. Those who spotted this pattern early would have entered a safe short trade. For now stock has reached the Lower bollinger band in daily time frame a potential support level one should be careful of taking short. 
  • Price is testing 50 Day SMA. Seeing the pattern there exist possibility of more falls so one should try to short at higher levels.
  • SBI CHART ANALYSIS
  • TCS CHART ANALYSIS
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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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