April 28, 2014


  • ES Hourly cloud acting as resistance.
  • 4 Hour chart shows support levels.


  • Gold daily chart shows crucial support at 100 day SMA.
  • 4 Hour chart shows resistance line and cloud as crucial resistance levels. Sustaining above these two levels may give a bigger up move.

  • Bharti Airtel weekly chart shows price contraction in a triangle pattern.
  • Price is nearing the upper resistance line of the triangle pattern. Staying 338 levels price may target 354 and the resistance line. 
  • There is negative divergence with macd and price but there is not trigger yet for a sell. weakness on closing below 338 levels

  • AMAZON Weekly chart shows price at the crucial up trend line.
  • Earlier daily chart got resisted near 50 and 200 Day SMA,
  • Month chart is testing 20 Month SMA. Month closing below this level will strengthen amazon bears. 

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