CISCO Chart analysis

• CISCO Testing the daily cloud.
• Price sustaining above 50 Day SMA. Next resistance at 100 Day SMA.
• Price testing 38.2% Fib level. Moving above this level will extend the up move towards 100 

FACEBOOK Chart analysis

 

• Weekly chart shows price trading below 23.6% Fib level. Daily chart too has fallen below the crucial 50 Day SMA.
• Immediate support seen in weekly chart at 45.26 level. If price starts to trade below 45.26 then a fall to 20 Week SMA is possible. Strength for FB Bulls only if price is able to trade above the level shown in the 3rd chart.
• SINA Corp Chart analysis

-->

RELIANCE Infrastructure chart analysis

• Reliance infrastructure shows weakness at the weekly resistance line and 100 Week SMA. Bears need a bearish weekly candle here to confirm weakness in higher time frames. Price sustaining below 434 levels on closing basis will strengthen bears of Reliance Infra.

SBI Chart analysis

• SBI Daily chart shows price approaching crucial support zone. Price need to stay above the rising support line and 50 Day SMA on closing basis to avoid a bigger fall.
• USDINR Weekend update

-->

SINA Corp Chart analysis

• Daily chart of SINA Shows price holding above 100 Day SMA. But the Weekly chart looks Ugly for bulls with a Bearish Engulfing pattern at the top and a MACD Sell Signal. For the now the Oversold readings and 100 Day SMA in daily chart may give a trading bounce towards 50 Day SMA.
• APPLE Chart update

-->