APPLE Chart update

• Apple one hour in a sideways channel.
• One hour cloud and 23.6% Fib level too is acting as support.
• For an extended fall bears need price to do a channel and cloud break.
• APPLE WEEKEND UPDATE

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SILVER Chart analysis

• Silver is trying a bounce in smaller time frames.
• Daily chart shows price near 50 Day SMA.
• Closing above 50 SMA may give a bounce But the longer term trend will be safe as long as price stays below  the cloud. For a bigger turnaround silver must sustain above the daily cloud.
• GOLD Testing resistance zone

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GOLD Testing resistance zone

 

• Gold testing crucial resistance line.
• Price is also near Ichimoku cloud in daily chart.
• Last chart shows price retesting the broken support level between 1321 - 1338.
• SILVER CHART ANALYSIS

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FACEBOOK Bearish Engulfing

• Facebook has give a Bearish Engulfing pattern at Golden ratio.
• Daily chart is seeking support at 200 Day SMA. Price has to close below 200 SMA for the bearish engulfing to be effective.
• Resistance is seen at the Golden ratio for the up move from 22 to 29. Bulls need to close above Golden ratio to invalidate the effects of Bearish Engulfing setup.
• APPLE WEEKEND UPDATE
• GOOGLE WEEKEND UPDATE
• TESLA MOTORS WEEKEND UPDATE

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LARSEN & TOUBRO analysis before quarterly results

• L&T Weekly and Daily charts shows resistance between 990 - 1010 levels. Daily close above this zone will favor bulls for bigger up moves.
• Support in daily chart is at 50 Day SMA (964). Breaking the up trend line and 50 Day SMA means weakness for L&T.