November 30, 2013

  • Apple month chart shows price closing above 20 Month SMA. Weekly chart shows price closing above the cloud and 50% Retrace level. If a correction happens in daily chart next week the above mentioned levels may now act as support.
  • Next resistance level or target area is the Golden ratio seen in weekly chart at 583 level. Daily chart shows a possible resistance line which may result in a pullback before price move up again.
  • SILVER Trend update
-->

November 29, 2013

  • Silver 4 hour chart shows strong resistance at the cloud. Trend will favor bears as long as price stays below the cloud of this time frame.
  • Price is trying to stay above 50 Period SMA. Price has to close and sustain above 20.31 levels for a possible up move to follow.
  • GOLD Trend update
-->

November 28, 2013



  • Facebook daily chart shows price taking support near 100 day SMA. No bullish turnaround yet. A pause in falling on price trading above the falling resistance line, Strength only on trading back above 50 Day SMA.
  • Weekly chart is also trying to do a bullish reversal candle at 20 Week SMA. Candle closing at the current levels or higher would confirm a bullish weekly candle.
  • APPLE Chart analysis
-->

  • ES having taken support at previous resistance level is testing the recent high.
  • 100 Hour SMA and hourly cloud are crucial support for now. Bears need to close below these two levels for a possible fall to happen.
  • APPLE Chart analysis
-->

  • APPLE Daily chart shows price closing above the recent swing high. Weekly chart shows price moving away from 100 Week SMA. Apple bulls need a weekly close above 545 which is the 50% Retrace level, this will also lead to a Monthly close above 20 Month SMA which will favor bulls of Apple in December.

  • ES one hour chart shows price near 100 Hour SMA. For bears of ES need a close below this line and 23.6% Fib level for a possible correction to happen. 
  • Sustaining above this level may lead to newer high's.
  • GOLD Chart update
-->


November 27, 2013


  • Gold getting resist at the falling resistance line and near 50 period SMA.
  • 4 Hour cloud too looks strong resistance zone.
  • Price likely to test the recent low at 1227 again.
 
  • Last chart is the crucial one, It shows the daily time frame with price breakouts above 50 Day SMA. Price after moving around 50 SMA has given good up moves. Daily chart also shows a series of higher lows which is likely to continue.



  • First two chart shows possible breakdown in weekly time frame. If its confirmed with a weekly close then the target is about 8 points on the downside from the breakdown area.

  • ES one hour chart with immediate support levels.



November 26, 2013


  • Apple one hour chart shows price breaking golden ratio. Next target is 78.6% Fib level and the range top at 539
  • Daily chart also breaks the falling resistance line. Bullish daily close may lead to a breakout above 539 levels.






  • Facebook daily chart shows price violating crucial support zone. Price has also closed below the daily cloud.
  • Facebook bears need to close below 100 Day SMA and 20 Week SMA on closing basis to extend gains further. 
  • APPLE Chart update
-->



  • Bank nifty daily chart moving up from 50 DaY sma.
  • Immediate resistance at 11207. Sustaining above it could give the golden ratio and 50 week SMA again as shown in chart 3.
  • CRUDE Oil chart analysis


November 25, 2013


  • Apple daily chart trading in a range. Second chart shows the range is a consolidation after an up move which is likely to result in an upper breakout. But monthly chart shows the consolidation happening at 20 Month SMA. So apple bulls need a monthly close above 20 Month SMA for extending this up move.
  • GROUPON Support levels
  • CRUDE Oil chart analysis
-->



  • All three charts shows Groupon near crucial support levels. Immediate support at 8.98 level, If this level is taken out price is likely to take support at the weekly rising support line or 200 Day SMA.
  • CRUDE Oil chart analysis
  • FACEBOOK Weekend update
  • EURUSD Weekend update
-->


  • Crude oil weekly chart shows price near weekly rising support line and 200 Week SMA. If these levels hold on closing basis an up move is possible. Down move will gain momentum if these two levels does not hold.
  • For an up move need a weekly close above 100 week SMA as shown in the last chart.



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