October 8, 2017

APPLE Chart Analysis

  • 4 Hour chart shows a Small up move in a Down swing. Price is near crucial resistance levels. Staying below the cloud will help Apple bulls to resume the fall. Daily time frame too shows resistance at 20 Day SMA. 
  • Weakness below 152 and 149 levels. Closing the Day above 20 Day SMA may change momentum in favour of Apple Bulls.
  • AMAZON Chart Analysis

NIFTY Weekend update

  • Weekly time frame is shown in second chart which is showing a Bounce from 20 Week SMA. If week builds momentum then this up move can take price back towards 10100 levels.
  • Hour is also showing an up swing. Weakness if Hour calls back below 9950 and 9880 levels.