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. 


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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