January 23, 2013

APPLE Chart update


  • Apple bulls trying to sustain above the Golden ratio and 100 Week SMA.
  • Weekly candle violating the cloud is not a good sign for bulls. Price must sustain inside the weekly cloud to avoid bigger correction.
  • GOOGLE CHART UPDATE
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GOOGLE Chart update


 
  • Google daily chart shows price making a Bullish Hammer pattern at lower bollinger band. Daily chart also has 50 Day SMA near the tail of the hammer.
  • Weekly chart shows price in a range with Range top at 745.
  • Range top also is the 78.6% Fib level from where the correction started as shown in the last chart. This level may continue to act as resistance.
  • RIMM CHART UPDATE
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QQQ Chart update



  • QQQ Daily chart continues to trade in a range between  66.17 - 67.48
  • Unfilled GAP and rising 20 SMA are immediate support levels for QQQ.
  • Price cluster in weekly chart sustaining above 20 Week SMA will also favor bulls of QQQ.


BANK Nifty Support levels


  • Price testing previous resistance level.
  • Price also near 23.6% Fib level.
  • If the above mentioned levels does not act as support price could test the lower Bollinger band as shown in the last chart.
  • If price bounces here it should move back above 20 SMA to gain strength again.
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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RIMM Chart Update

 
  • Rimm bulls trying to break above the weekly cloud. Price must sustain above the weekly cloud for a complete reversal of trend.
  • Crucial resistance levels are 100 Week SMA and 23.6% Fib level. these two levels must be crossed on closing basis to sustain the current up move.

January 22, 2013

CRUDE Oil support and Resistance levels

 
  • First chart shows price sustaining above the falling resistance line.
  • Weekly chart shows immediate resistance levels 100.41 and Golden ratio near 97.80
  • Daily chart shows support zone between 93.48 - 93.95 level.

S&P 500 Futures support and resistance lines

 
  • ES one hour chart shown with crucial support level near 1470 levels.
  • 4 Hour chart shown with rising resistance line from which es is falling.
  • Last chart shows fib levels which may act as support.
  • DOW JONES TRIPLE DIVERGENCE
  • APPLES BEARISH CROSSES
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