August 14, 2013

GOOGLE Triangle breakdown

  • Google has given a breakdown from the triangle pattern
  • Daily chart shows price falling towards 100 day sma. Further falls only on price falling below 100 day sma.

APPLE Support and Resistance levels

  • Apple forms a candle above 200 Day SMA after a long GAP. So for now crucial support at 470(200 sma)
  • Weekly chart is approaching crucial resistances like 100 Week SMA and 38.2% Fib level at 505 and 507 respectively
  • So Bullish above 505 - 507 and Bearish only on price closing back below 200 Day SMA(470)

PIN Bar of Caterpillar

  • Caterpillar daily chart shows a Pin Bar Reversal candle.
  • Bearish candle is formed at 200 Day SMA and Upper Bollinger band.
  • Bearish on price trading below 86.45. Bullish if price is able to close above 200 Day SMA

BANK Nifty Bullish Engulfing and resistance levels

  • Bank nifty daily chart shows a bullish engulfing pattern.
  • Daily chart is also aligning for a MACD Bullish Cross.
  • Price must sustain above 5 Day High EMA and 23.6% Fib level for a  bigger up move to happen.

ES Range and Support levels

  • ES 4 Hour chart shows price moving in a range.
  • Daily chart shows crucial support levels at 23.6% Fib level and previous price resistance zone between 1662 - 1670 levels which may act as strong support for now.