BANK NIFTY in a Channel

• Bank nifty is trading in a descending channel pattern.
• Right now a bounce is happening within the pattern.
• 11130 level may act as the resistance for this move.
• The main trend line from will also be a resistance.
• A bigger up move can only happen on a decent breakout above the resistance line.
• SUZLON ENERGY TRIANGLE PATTERN
  
• US DOLLAR ANALYSIS
  
  

DELL chart analysis

DAILY CHART

DELL WEEKLY CHART

• Dell daily chart shows a trend line break and price breaking below the 50 day moving average at the same time.
• weekly candles have been giving bearish candles for the second week in a row.
• Shooting star weekly candle is now followed by a bearish engulfing pattern.
• Hope for the bulls lies at the recent low at 13.12. If this level does not hold stock will continue to slide.
• A BEARISH APPLE
  
• MICROSOFT TECHNICAL ANALYSIS
  
  

MICROSOFT Chart analysis

• MSFT weekly chart shows price struggling near the 61.8% Fibonacci level.
• Weekly chart is showing a shooting star candlestick pattern. 
• Daily chart too is showing negative price action. If the small triangle like pattern gives a support line break then stock may continue to fall till the 50 DMA. 
• For bulls Price is still above 50 and 200 day moving averages so Bulls will be comfortable to hold long until the 50 DMA breaks.
• A BEARISH APPLE
  
  

Death Cross of US Dollar

• Death cross happened in September 2010 But Dollar has not recovered from its effects yet.
• After the death cross dollar went to 75 levels. From there it retraced, But the retrace trade did not test the 200 day moving average. Dollar got resisted below the 200 day moving average and has now broken below its 50 day moving average and slipping down further.
• There is a double top pattern in daily chart too if price sustains below 78 we may see 75 levels again.
• Only way for the dollar to get out of this death cross effect is to close above 200 DMA which looks too far away at this point of time.
• A BEARISH APPLE
  
  

A Bearish looking APPLE

• Apple has given a bearish looking weekly candle.
• Long tail of the candle shows selling pressure at the top of the chart.
• 2nd chart is the most important one the daily line chart shows a support zone between 316 - 318 Break of this level will trigger further selling.
• Stock is close to 50 dma, break of this moving average will make the bears happy.
• TREND LINE OF GOLD
  
  

Triangle pattern of SUZLON Energy

• Suzlon energy is forming a triangle pattern in weekly chart.
• 2nd chart shows the stock in a strong down trend below 200 DMA.
• Considering the trend of the stock a downside break can give a safe trade. 
• Upside breakout may find resistance at 200 DMA.
• TREND LINE OF GOLD

CHANNELS of SPY

• SPY 30 minutes chart with support and resistance lines.
• Break of support or resistance lines shown with arrow can give good direction.
• Price action itself is in a big descending pattern so price may get resisted at the resistance line. having said that price breaking above the resistance line can resume the up trend once again.
• Bulls will gain strength if price goes above 129.20.
• TREND LINE OF GOLD