June 10, 2013


DAILY CHART
  • FACEBOOK One hour chart testing hourly cloud and 100 Hour SMA.
  • Price sustaining above the hourly cloud should target 38.2% Fib level shown in daily time frame.

  • Crude oil daily chart shows an inverted head and shoulders pattern.
  • Weekly chart shows price at the resistance line, Price has consistently got resisted at this line recently.
  • Hour chart shows price getting support at the hourly cloud. Weakness on price falling below this cloud.
  • S&P 500 WEEKEND UPDATE
-->
 
  • ES Testing resistance line.
  • Price also near 100 period SMA and Ichimoku cloud of 41 Hour time frame.
  • S&P 500 WEEKEND UPDATE
-->
  • SBI Weekly chart shows price trading below the up trend line.
  • Price nearing its crucial support level of 1976 and Weekly Lower Bollinger Band. If 1976 gets broken  bigger falls can be seen in SBI
  • Daily macd is starting to look good for bulls. But price unable to trade above 5 Day High EMA will be negative for SBI Bulls.
  • NIFTY WEEKEND UPDATE
-->


  • QQQ Daily chart shows price near resistance line.
  • Price also testing 20 day SMA.
  • Price sustaining above 23.6% Fib level may result in a breakout above 20 day SMA and falling resistance line. Weakness on falling below 23.6% Fib level.
  • S&P 500 WEEKEND UPDATE
-->

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