November 26, 2013

  • Apple one hour chart shows price breaking golden ratio. Next target is 78.6% Fib level and the range top at 539
  • Daily chart also breaks the falling resistance line. Bullish daily close may lead to a breakout above 539 levels.

  • Facebook daily chart shows price violating crucial support zone. Price has also closed below the daily cloud.
  • Facebook bears need to close below 100 Day SMA and 20 Week SMA on closing basis to extend gains further. 
  • APPLE Chart update

  • Bank nifty daily chart moving up from 50 DaY sma.
  • Immediate resistance at 11207. Sustaining above it could give the golden ratio and 50 week SMA again as shown in chart 3.
  • CRUDE Oil chart analysis


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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