July 23, 2013

  • Silver up move getting paused at 50 Day SMA.
  • 4 Hour chart shows price testing the breakout from an ascending triangle pattern. Price getting back into the pattern will be negative for silver bulls.
  • Daily chart shows price sustaining below the resistance line.
  • NETFLIX Chart analysis
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  • Crucial support for netflix in daily chart is at 235 and 248  which were the previous resistance levels. 
  • Fib levels shows crucial support levels and 20 Day SMA.
  • Weekly chart shows price in a bullish channel. Corrections limited to the support line of the channel may give buying opportunities.
  • McDonalds Chart Analysis
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  • Tata Motors above 50 Day SMA. Price need to break above Golden ratio and the daily cloud on closing basis to extend this up move further.
  • Any weakness at golden ratio will keep the stock inside the range.
  • Strength above 300, Weakness below 293.
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  • Sustaining inside the channel will resume the up move in MCD.
  • Breaking the channel support line again may give a fall towards 200 Day SMA.
  • The presence of the GAP and Daily Ichimoku cloud will make the up move tougher. Price sustaining below the cloud will extend losses for bulls of MCD.




  • Crude oil Testing support levels in four hour chart.
  • For a trend change price must trade below the cloud.
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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