January 29, 2013

DAILY CHART
WEEKLY CHART
 
ONE HOUR CHART
  • Ford falling but has strong support at 50 Day SMA and 38.% Fib level.
  • One hour has fallen below the cloud and 200 Hour SMA. Price moving above 200 Hour SMA may lead to an up move towards the Hourly cloud.
  • Price sustaining below 200 Hour SMA should lead to 50 Day SMA. 
 
  • Smooth up move or up trend in Hourly charts of ES is getting tested.
  • Bears need price to fall below the shaded support level shown in 4 Hour chart. Hours trading below One hour cloud too may give a bigger dip in favor of bears.
  • SPX ANALYSIS AFTER CLOSING BELL
  • RIMM CHART UPDATE
  • FACEBOOK CHART UPDATE
-->


  • First chart shows daily chart making newer highs.
  • Weekly chart shows price nearing previous resistance levels of 32.88 and 33.45 which must be crossed for a bigger up move to happen.
  • Last chart shows 50% Fib level at 31.28 which must be protected by bulls to target the Golden Ratio at 34.52.
  • RIMM CHART UPDATE
  • SPX ANALYSIS AFTER CLOSING BELL
-->
  • Rimm weekly chart shows weakness near previous resistance level of 17.96. Week must trade above this level to target a cloud breakout or for moving above 100 Week SMA. UNABLE to trade above the weekly cloud and 100 Week SMA will be negative.
  • Immediate support levels shown in daily chart are 20 Day SMA at 14 and previous swing high of 14.21.
  • SPX ANALYSIS AFTER CLOSING BELL
-->

  • SBI Daily chart shows price in a 128 point trading range.
  • Weekly chart shows price ranging below 50% Fib level.
  • Falling below 2423 levels may take SBI towards 50 Day SMA and lower.
  • Breaking above the range may give a 100 plus point move. A bigger move needs a weekly close above 50% Fib level.
-->


 
  • SPX 30 Minutes and One hour charts shows the trending moves in short term charts.
  • Last one is the weekly time frame which shows price moving towards the upper resistance line. Price and RSI both has more room to move up before they hit the resistance line. Expecting a bigger correction from this resistance line.

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