My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 8, 2013
NIFTY Death cross at support levels
- Nifty Daily chart has given a Bearish Death cross. But the crucial event is happening at a crucial support level.
- Weekly chart is near 100 Week SMA.
- These support levels may give a dead cat bounce and if the Death cross is to do well this bounce will be followed by a break below the above mentioned support levels.
APPLE Chart analysis
- APPLE Daily chart shows weakness at previous resistance levels.
- Weekly candle stopped moving up at Upper bollinger band.
- Weakness may extend into next week if price closes below 23.6% Fib level on Friday.
- GOOGLE Chart Analysis
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