June 16, 2015

  • Apple daily shows price at possible support line and 100 Day SMA.
  • For apple bulls price need to move above Hourly cloud for bigger up move to happen.

  • There is no hope for Tata Steel bulls if one looks at the Weekly time frame. But Daily chart does show positive divergence developing for a possible trading bounce. Close above 5 Day High EMA may result in an up move. In daily too there is a trending down move going on below 5 day High EMA.
  • Weekly time frame suggests more pain for bulls as it has broken below crucial support levels.


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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