- APPLE Daily chart nearing 20 day sma.
- Immediate resistance level at 534 levels
- For bigger up moves price must break the 4 Hour cloud and the falling resistance line.
- COCA COLA CHART ANALYSIS
December 31, 2012
- Nifty month charts shows price getting resisted by multiple resistances like. Upper bollinger band, 78.6% Fib level and Multiple resistance lines. Bulls need to trade above all these levels to continue the up move.
- For bulls the entire month candle stands above the Month High EMA. So the month High EMA area will act as crucial support level.
- Daily chart is showing an inside day pattern But the range in which price is trading will reduce the effect of candlestick formations. So one has to wait for this range to get resolved for bigger moves to happen.
- DEATH CROSS OF DOWN JONES
- BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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