April 29, 2013

Death cross of EURUSD

 
  • EURUSD Daily chart shows Death cross. Price has to sustain below 50 Day SMA for the cross to be effective.
  • Right now price is moving towards 100 Day SMA which is a possible resistance level. Bearish cross will be ineffective if price starts to trade above 100 Day SMA.
  • Last chart shows potential Fibonacci resistance levels.
  • US OIL CHART ANALYSIS
  • HEWLETT PACKARD SUPPORT LEVELS
  • S&P 500 WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
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ES Chart update

  • ES has held on to the support levels mentioned in earlier charts.
  • Second chart shows price moving above 50 Hour SMA. For bullish moves to extend price must sustain above 50 and 100 Hour SMA.
  • Last chart shows crucial levels to confirm breakout or breakdown.
  • US OIL CHART ANALYSIS
  • HEWLETT PACKARD SUPPORT LEVELS
  • S&P 500 WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
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NIFTY Intraday update


  • Nifty one hour chart shows price in a consolidation. Recent consolidations during this up move has resulted in upper breakouts.
  • Price testing Hourly ichimoku cloud. Price falling below the cloud may turn the trend in this time frame.
  • Weakness below 5843 and 50 Hour SMA.

State Bank of India Chart analysis

  • SBI Continue to show weakness at golden ratio. Further fall only if price closes below 50% Fibonacci level.
  • Support levels are 100 Day SMA and 5 Week High EMA.
  • Weekly close below 5 Week High EMA will resume the fall.
  • TATA MOTORS CAHRT ANALYSIS
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TATA Motors chart analysis


  • Tata Motors is sustaining above the channel in daily chart.
  • Price has closed above 100 day sma. Sustaining above this level will lead higher targets.
  • Immediate resistance at 78.6% Fib level. For bigger up moves price must trade above 78.6% Fib level.
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ES Support levels

  • ES one hour chart shows price nearing the rising support line and horizontal support level.
  • Price is also near 100 Hour SMA.
  • Ichimoku cloud of one hour time frame is getting tested. Cloud break on closing basis will be a concern for short term bulls.
  • US OIL CHART ANALYSIS
  • HEWLETT PACKARD SUPPORT LEVELS
  • S&P 500 WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
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April 28, 2013

Hewlett Packard Chart analysis

  • Hewlett Packard Weekly charts shows price testing the up trend line.
  • Price is also at 38.2% Fib level and Near 20 Week SMA.
  • If these levels held we may see an up move towards 100 Week SMA. For a bigger up move Price must sustain above 100 Week SMA. Correction will extend if price closes below 20 Week SMA.
  • S&P 500 WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
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