September 27, 2013

 
  • Bank of America Daily chart testing 100 Day SMA. Last two dips below this level has resulted in up moves.
  • 2nd chart shows price violating support zone. Price may Dip towards the rising support line in weekly chart before a bigger bounce can happen.
 
  • GOLD Daily and Four hour charts shows price near crucial resistance levels.
  • Daily chart also shows price contraction which could give a big trading move on breakout.
-->


 
 
  • QQQ Bulls trying to keep price outside the Rising wedge pattern. Price falling back into the pattern may result in a false breakout trade which can give bigger moves in favor of bears.
  • Immediate support levels are shown in chart 2 and 3.


  • Nifty Trading in a range. Strength above 5960 - 5990 zone and Weakness below 5750-5790 area. 



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