January 1, 2015

  • APPLE closed below 20 and 50 Day SMA.
  • Next crucial support levels in daily chart are 100 Day SMA and the recent swing low at 106 levels.
  • Weekly chart too looks bearish for now. Rising 20 Week SMA is crucial for bulls of apple.
  • Nifty daily and Weekly chart shows crucial support levels.
  • Price for now is testing the immediate resistance levels of 20 and 50  Day SMA.
  • Bulls need few candles above 20 SMA to resume the up move.
  • Weakness on price closing below 100 Day SMA.


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.


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