March 31, 2013

  • JPM Weekly chart has broken below 23.6% Fib level.
  • Immediate support levels are 46.85 and 20 Week SMA.
  • Daily chart with Ichimoku cloud shows the up trend getting tested. If the correction is limited to the cloud the up trend will be safe. For the trend to turn price must sustain below the cloud.
  • GOOGLE WEEKEND UPDATE
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  • Bank of america weekly chart shows a bearish engulfing pattern.
  • Daily chart is near crucial support levels like 20 and 50 Day SMA.
  • Bearish engulfing pattern will gain strength if price starts to trade below 50 Day SMA and the Golden ratio. So the level for bears to break is 11.73 on closing basis. For bulls they must protect 20 Day SMA for avoiding a bigger fall.
  • BLACKBERRY TRIANGLE PATTERN
  • APPLE WEEKEND UPDATE



  • Price managed to close above 200 Day SMA, This momentum may take price towards 38.2% Fib level or 100 Day SMA which may act as resistance in daily time frame.
  • Weekly chart shows  a MACD Sell signal. Price sustaining below the channel will add strength for the sell signal.
  • APPLE WEEKEND UPDATE
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SLV WEEKLY CHART
SLV DAILY CHART
SLV WEEKLY CHART
  • SLV Weekly chart with fib level shows price trying to stay above 78.6% fib level.
  • Next is the daily chart shown with the recent range. Price is violating or threatening to break the range on the downside.
  • Last chart the weekly time frame shows the crucial levels and possible targets in case of a breakout or a breakdown.
  • APPLE WEEKEND UPDATE
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March 30, 2013


 
  • Daily chart has fallen back to 20 Day SMA. Daily close below this level may extend the fall.
  • Price also was unable to sustain above 50 Day SMA. Now its moving towards Golden Ratio at 438 which is a possible support level. Unable to hold above Golden ratio may lead to the recent low point again.
  • Weekly MACD is looking great for bulls with Positive Divergence But price is not showing any sign of  strength. Weekly candle almost gave a bullish engulfing pattern.
  • GOOGLE WEEKEND UPDATE
  • BLACKBERRY WEEKEND UPDATE
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  • EBAY Daily chart Testing 50 Day SMA
  • EBAY Sustaining above the Up trend line from 29 levels may help bulls to resume the up move again. 
  • Price staying above Weekly Bullish engulfing and 20 Week SMA will favor bulls.
  • GOOGLE WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
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March 29, 2013

  • Weekly stochastic has given a sell signal.
  • Week has also given a bearish engulfing pattern. 
  • Next crucial support level in weekly chart is at 774. Before reaching there bears must close below the daily 50 Day SMA.
  • BLACKBERRY WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
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  • Blackberry daily chart shows a contracting triangle pattern.
  • Weekly charts shows the levels which bulls and bears must cross for bigger moves.
  • Bears must close the week below 20 Week SMA for a bigger fall to happen.
  • For bulls the Bearish Pin Bar at 100 Week SMA looks a strong resistance area. Bulls must close above 100 Week SMA for bigger up moves to happen.


  • Nifty bounces off 200 Day sma.
  • Weekly chart too shows price trying to stay above lower bollinger band. If the up move holds price may move towards middle bollinger band again.
  • Immediate resistance levels are shown in the Fib levels.


  • SPX Continues to break in favor of bulls.
  • No weakness in daily chart as price continues to move up in an ascending channel.
  • Last chart shows the next target at Upper Bollinger band 1575. Weakness on if price starts to trade below 20 Day SMA.

March 28, 2013

 
  • Google Hour falls below 50 and 200 Hour SMA.
  • Daily chart is testing 23.6% Fib level and 50 Day SMA.
  • An oversold bounce looks likely from the current levels. Daily close below 50 SMA will extend the fall. 
  • APPLE CHART ANALYSIS
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  • Apple hour breaking below 200 Hour SMA.
  • Price testing Hourly cloud.
  • Sustaining below the cloud and 200 SMA will favor bears to extend the fall.


 
  • ES Testing the selling zone.
  • Rising support levels may lead to a breakout in favor of bulls.
  • Bears need a close below 100 period SMA for a breakdown in their favor

 
  • First chart shows price moving up towards the falling resistance line.
  • Price has managed to comeback above the 200 Day SMA.
  • Last chart shows the Bullish falling wedge pattern with immediate target of 20 Day SMA which may also coincide with the falling resistance line shown in first chart. For a big up move price must close above 20 SMA and the falling resistance line.

  • LT Moving towards crucial support level of 1307.
  • Price has violated a crucial rising support line in weekly chart.
  • Breaking below 1307 price could test the Golden ratio at 1256 levels.
  • Taking support at 1307 may lead to a bounce towards 1400 again.
  • SBI HEAD AND SHOULDERS PATTERN
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  • EURUSD Daily chart shows price breaking crucial support levels. Price is moving away from 200 Day SMA. 
  • Next support levels are 1.2660 and the Golden ratio.
  • Broken 200 SMA will act as immediate resistance level.


 
  • APPLE Daily chart unable to enter the cloud. Price shows weakness near the cloud.
  • Daily chart has gone back below 50 Day SMA. Hourly chart is also trading below 50 Hour sma..
  • Daily close below 50 Day SMA may extend gains for Apple bears.
  • FACEBOOK FALLING WEDGE PATTERN
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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