April 27, 2015

  • EURUSD Daily shows different price action at 50 Day SMA.
  • Bulls needs to do more and breakout above the cloud to confirm short term strength.
  • If this up move continues price may test 1.10 levels and 100 Day SMA.

  • ES shows price trying to move above resistance zone. Hour chart is crucial here in the very short term. Price if stays above 50 Hour SMA should lead to a breakout. Hour closing below 50 Hour SMA before breakout may lead to weakness.

  • Like Nifty infosys also testing its 200 SMA. Here the price action looks more bearish. As USDINR Reaches a crucial resistance zone the movement of that pair will have an impact on the stock.
  • Hold 200 SMA to avoid bigger falls. OR Break below 1890 for bigger falls to happen.
  • USDINR At Weekly resistance zone: CLICK Here
  • INFOSYS Analysis before results: CLICK Here

  • Nifty daily and weekly at crucial support zone. One has to wait and see how price reacts from 200 SMA to determine the next big direction.
  • INFOSYS Analysis after results: CLICK Here

  • USDINR Chart testing a weekly resistance zone around 64 levels. This can also turn out to be a bullish area for the pair if a breakout and close happen on daily chart.
  • NIFTY Chart analysis: 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