October 28, 2015
- Tesla daily chart shows immediate trading levels. MACD looks good for bulls only as long as price stays above 202.
- Week continues to look bad for bulls as price has violated 100 Week SMA again. But price is approaching crucial support levels as shown in chart 3. Bigger worry for Tesla only if price starts to trade below 177 on which it may fall towards 120 levels.
- FACEBOOK RESISTANCE LINE
- Facebook is approaching a possible resistance line in weekly time frame. But bad news for bears is that price is staying above crucial resistance area around 100 levels. Any weakness only if price falls back below 98 - 100 levels.
- Weekly trend remains up as shown in last chart. Price continues to remain above the cloud. Any weakness near the weekly resistance line may only result in small corrections.
- Recent up move in Rcom has led the daily towards a golden cross. For the very immediate term the indicators are showing weakness. Sustaining above 74 levels is good for Rcom bulls. 84 and 93 levels are crucial resistance levels. For the long term the Hammer shown in weekly chart is crucial. If price stay above the hammer candle then bigger up moves are possible.
- Analysis like above will be done on NSE stocks. If the visitors have any query contact me on email. I will try to do posts whenever time permits.
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.