August 26, 2013

  • Blackberry hour chart above 50 Hour SMA.
  • Daily chart is trying to stay above 50 Day SMA.
  • Crucial support at 23.6% Fib level. Sustaining above this level price may start to move up again. Daily close above 50 Day SMA may help bulls for the up move to extend.
  • APPLE Weekend update
-->

  • ES one hour chart shows price near 23.6% Fib level
  • Price is above 50 and 100 Hour SMA.
  • Price above Hourly cloud may also support bulls during correction
  • SILVER Weekend update
  • S&P 500 Weekend update
  • FALLING Wedge of INTEL



 
  • Approaching resistance levels for Tata Steel is the daily cloud Top and 38.2% Fib level at 291.8
  • Support levels are Weekly Middle Bollinger band at 274 and 100 Day SMA at 277.
  • NIFTY Weekend update
-->




  • First chart shows the smaller corrections during this up move. For now though price is testing a crucial resistance level so one has to wait and watch if price is able to break above this level.
  • Weekly chart shows a bearish candle at 100 Week SMA.
  • Fibonacci levels also shows a pause candle at 38.2% Fib level. So for further up moves price must close the day above 507 levels. Bearish or weak below 498 levels.
  • FALLING Wedge of INTEL
-->


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