July 12, 2015

  • Apple has breached the rising support line from 73 levels, But as weekly candle shows price managed to leave a long lower shadow which suggests possible support at this zone.
  • 200 SMA in daily chart is crucial as bulls managed a bounce from this line.  Last chart also shows a range in weekly time frame. Bears need to stay below this range for bigger falls to happen.


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