April 18, 2015

  • Apple closed below 50 day SMA
  • Daily chart shows price in a range between 121 - 135
  • Bigger falls or weakness only if price falls below 121 levels.

  • Daily time frame shows another correction from a bearish engulfing pattern.
  • Weekly price action too looks bearish but 20 Week SMA may act as support. Price closed the week at 20 Week SMA.
  • Daily chart is near 100 Day SMA which may act as support. Bigger falls if these two crucial levels fails to act as support.
  • TCS Trend update: CLICK Here


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