January 28, 2017


  • Silver daily chart shows previous support zone around 17.10 - 17.30 is acting as resistance.
  • Weekly chart too shows 20 Week SMA acting as resistance.
  • So the level for silver bulls to beat is 17.30 to extend the weekly bounce. Staying below this level may Tilt the balance in favour of Silver Bears again.
  • GOLD Weekend update
  • TESLA Weekend Update
  • GOOGLE Weekend update
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  • TESLA Week shows possible targets for the current up move. Momentum Likely to carry stock towards 265 and 271 levels.
  • Loss of momentum will be first visible in Hourly charts when price falls below the cloud. The current move started when price moved above the cloud at 189 continues to gain strength. 
  • GOLD Weekend update
  • GOOGLE Weekend update


  • Gold bears are at an Advantage for Now as price is staying below 4 hour cloud and 100 Period SMA.
  • So the crucial resistance level for the current bounce is between 1197 - 1200. Selling at higher levels is safe if the bounce is up to that level. Anything above 1200 may tilt the Advantage in favour of Gold bulls.
  • GOOGLE Weekend update
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  • First chart shows the daily time frame testing the neck line of a possible bullish pattern. Staying above 271 levels should push the stock higher towards 280 and 285 levels.
  • 2nd chart shows Price and Volume Advance. This is one of the biggest volume Days For ICICI Bank on a Bullish Day.
  • But bulls should stay above 270 - 271 to keep the up ward momentum intact. Falling below this level is negative.
  • GOOGLE Weekend update
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  • Google has fallen back into the rising wedge pattern which is a bearish event
  • Daily chart also shows price reacting bearishly from the resistance line.
  • Now Google bears need to confirm this by breaking below 838. Further bearishness only if this level is broken on closing basis.
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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