February 7, 2013

APPLE Trend update

  • First chart shown with a falling wedge pattern. Usually falling wedge breakout happens in favor of bulls. This one has given a breakdown. If the range in daily chart gives an upper breakout this can be classified as false breakdown which may result in a bigger up move.
  • For bulls price need to close above 20 SMA Which is above 479 for a possible target of 50 Day SMA. 
  • For Bears Unable to close the days into the GAP should lead price towards 435 and followed by a range breakdown.
  • FACEBOOK CHART UPDATE
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1 comment:

  1. NIFTY 07-Feb-2013
    Current Market Situation :

    NIFTY current close : 5939
    NIFTY resistance level : 6158
    NIFTY support level : 5912
    NIFTY sentiment : positive
    NIFTY dominant cycle period : 17 days


    Levels Tomorrow :

    NIFTY intraday resistance 1 : 5964
    NIFTY intraday resistance 2 : 5992
    NIFTY intraday resistance 3 : 6034

    NIFTY intraday support 1 : 5914
    NIFTY intraday support 2 : 5885
    NIFTY intraday support 3 : 5844

    Markets Quantified

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