- Infosys week chart shows a possible bearish pattern forming. Since the Megaphone is forming at the top of an up trend this is likely to be a bearish one. Having said that price is trading close to a crucial support zone so a larger bounce from here cannot be ruled out.
- Bears will gain strength if the support line shown in second chart is violated on closing basis.
- Infosys bears also need to keep price below 200 SMA to keep the weakness intact.
-->
- Twitter Month chart shows price trying to hold above crucial support zone.
- Weekly bullish candle shows a strong reversal attempt.
- Daily chart is still below the 200 Day SMA and there is a Death cross in chart. So for a bigger reversal Price must move above 200 SMA.
-->
- Infosys nearing crucial support zone around 900 levels. If not held on closing basis will take the stock towards the Rising support line shown in Month time frame.
- If 900 is held then stock will remain range bound in weekly chart and a move towards 1044 levels is possible.
-->
- Nifty daily chart shows negative divergence with MACD Histogram. This is a risky setup for today as volatility is likely to increase because of the News.
- The extreme levels for the Day are 8672 on Top and 8461 and 20 Day SMA as support levels. If these levels are broken on closing basis bigger directional moves in that direction possible in the coming days.
- Week chart shows historic resistance near 8650 levels approx. So a weekly close above this level should give new highs for bulls. For bears its a daily close below 20 Day SMA.
-->
- The spike outside the rising wedge has failed.
- Price falling fast towards 50 Day SMA.
- Staying below 821 price likely to test 50 Day SMA.
- GOOGLE Analysis before Results
-->
- 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
- 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
-->
- 3rd chart the weekly time frame shows price testing a strong resistance zone at 265. If price sustains above this zone it can move towards the resistance line which is at around 284 levels.
- Weakness here means price going back to 238 levels.
- NIFTY Targets for the up move
-->
- Tesla Month time frame shows price moving into a historic resistance zone. But price is not showing any weakness yet. The January Month candle continues to look strong.
- Weekly chart shows price nearing resistance lines. Price yet to hit this line.
- The first signs of Weakness will be visible in Hourly time frame when price moves below the cloud in this time frame. For the Now though the Hourly Bullish trend is in full force and will continue to do so till price stay above Hourly cloud.
- ES Month, 4 Hour and 30 Minute charts
-->
- Apple is nearing the weekly resistance line. For now the resistance line stands around 122 levels.
- Daily chart is developing negative divergence with price and MACD.
- Apple bears need weakness to set in at the Weekly resistance line for the Negative divergence to take effect.
- Apple bulls would argue that there is enough momentum in weekly chart for a possible breakout above the resistance line.
-->
- Immediate resistance for Facebook is at the falling 50 Day SMA. If price is able to cross this line on closing basis then a test of 123 and the GAP is area is possible. This area may act as stiff resistance zone.
- Support is near 113 levels.
- Moving averages is showing a possibility of a Death cross.
- For bigger moves price must resolve the range between 113 and 123.
-
CRUDE Oil chart update
-->
- Exxon Mobil corporation daily chart shows price contraction. Price is near the Apex of a contraction pattern and breakout or breakdown is imminent.
- second chart shows price getting resisted near 100 SMA So for bulls of Exxon things are simple. Stay long on closing above 100 SMA For targets of 89 and 92. For bears of Exxon weakness starts on daily closing below 86 which can lead to 84 and 82 levels.
- FACEBOOK Trend update
-->
- Month candle shows bearish price action. But bulls are seeing some relief in the Lower shadow of the Month candle. with 3 days to go if those are bullish days, the Month candle will look much better for FB Bulls.
- Weekly chart shows price violating 50 SMA and moving back above it. Bulls unable to do a weekly close below this line.
- In daily chart immediate support at 200 SMA. FB Bears need to break this line again to resume bigger correction. For bulls the resistance is at 50 Day SMA.
- CRUDE OIL Weekend update
-->
- Tata Motors bulls is trying to hang on to the 200 Day SMA. Bulls need to stay above 200 SMA for a possible bounce towards the GAP in daily chart. If the low of 443 breaks then price may test the 420 - 425 zone.
- Daily chart shows price below the cloud. Its sell on rise till price stay below the cloud.
- TATA MOTORS WEEKLY DOUBLE BOTTOM
-->
- Its been a long time since i posted analysis on individual stock. I was seeing the exit poll results of Tamil Nadu and the reaction of sun tv. Price near the month resistance line so thought of doing a post on this one.
- SUN Tv had a big up move yesterday following the exit poll news which predicted a possible win for DMK. A Trader should take it as a reaction to rumour Once the real results are out bigger moves are possible. One look at the Month chart shows price near a crucial falling resistance line. If the News is good for SUN this resistance line is likely to be taken out for a move towards 500 Levels. If the News is bad then price may fall back to 300 Levels.
- For today the resistance is at 436. If this levels is taken out then price will test the monthly resistance line.
-->
;
- Weekly chart shows a strong trend in place. Price moved above the weekly cloud when it was at 25. After that Price tested the weekly cloud just once. Major trend of the stock will not be tested till price stays above the cloud.
- Daily chart shows good correction in favour of bears but Bulls continues to manage new high's. One such new high and much more is likely to be seen today.
-->
