January 17, 2013

Goldman Sachs Chart analysis



  • Goldman Sachs approaching weekly resistance line
  • Second chart also shows price nearing golden ratio.
  • Daily chart is developing negative divergence. Price is yet to show weakness so the up move may continue till price hits the resistance line shown in weekly chart.


CRUDE Oil chart update

  • Crude oil weekly chart violating the falling resistance line.
  • Second chart shows price violating 100 Week SMA.
  • Crude oil bulls need a weekly close above the resistance line and 100 Week SMA.
  • Next resistance levels in weekly chart are the Golden ratio and 100.41 level. 


BANK of America chart update

  • Bank of America daily chart is showing a range between 11.3 to 12.2 levels. This range is happening at a crucial levels in both month and weekly time frames.
  • Monthly candle is pausing at top bollinger band at 11.95. Price must sustain above 11.95 for the up move to extend.
  • Weekly chart shows price above 200 Week SMA. Price sustaining above it will favor bulls to extend the prevailing trend.
  • APPLE BUSTED DESCENDING TRIANGLE
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APPLE Busted Descending triangle

  • Weekly candle trying to bounce from 100 Week SMA.
  • GAP in daily chart and 20 SMA must be closed above for  a bigger up move to follow.
  • Last chart shows price trying to get back into the Descending triangle pattern. If price starts to trade inside the triangle there is a chance of a busted triangle pattern playing out, which should give good up move for bulls.
  • GOOGLE CHART ANAYSIS
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BANK NIFTY Chart analysis

 
  • Bank Nifty daily chart testing 20 Day SMA. Last testing of this level resulted in an up move.
  • Price is also near previous resistance level and Range Top from which BN gave a breakout. These two levels 12571 and 12538 may try to stop a bigger fall from happening.
  • Last chart also shows 23.6% Fib level at 12518 levels. So for bears of BN price must break below 12500 levels could see extension of the current down move. 
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
  • SBI CHART ANALYSIS
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SBI Chart Analysis


  • SBI Daily chart shows a trend line breakdown.
  • Price is testing 20 Day SMA.
  • More importantly price is showing weakness at crucial weekly resistance level as seen in the last chart. Unless price sustains above 2475 levels its likely to see  a correction towards the rising trend line drawn in the last chart. Bull regain momentum above 2475 and 2529 levels.
  • STATE BANK OF INDIA INTRADAY LIVE CHART
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GOOGLE Chart analysis

 
  • Google daily chart shows price violating the rising support line from 635 levels.
  • Price is reversing from 78.6% Fib level. Price now moving towards 50% Fib level.
  • Closing the day below 20 SMA and 712 levels may extend the fall towards 696 levels.
  • APPLE SUPPORT LEVELS
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