NIFTY Chart update

• Nifty trading in a small range.
• Price if shows weakness may retest the previous range's resistance level. Bigger weakness only if price starts to trade back into the previous range.
• Last chart shows a possible weekly resistance line. Bulls must stay above this line to avoid a correction.

Dark Cloud Cover Pattern of INTEL Corp

 

• INTEL Daily chart shows a Bearish dark cloud cover candlestick pattern. Weekly chart shown with price getting resisted at previous resistance level at 25.68. Weakness can be confirmed on price closing below 50 day SMA.
• FACEBOOK Support and Resistance levels

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TATA Steel chart analysis

• Price near 5 Week High EMA Which has acted as resistance so far. Daily chart too shows possible resistance at 50 Day SMA.
• Crucial support for the stock is seen at the 38.2% Fib level shown in weekly time frame.

FACEBOOK Support and Resistance levels

• Facebook one hour chart shows price near the apex of a contraction pattern. Below 66.50 - 66 levels may lead to 50 Day SMA.
• Weekly chart shows negative divergence with many indicators. Chaikin Money flow index is shown here in weekly time frame. This divergence will only be effective on a weekly close below 66 levels.

RCOM Chart update

• Daily cloud of RCOM is acting as strong resistance.
• Weekly chart too is getting resisted at 20 Week SMA.
• Weekly MACD is looking good for bulls But price needs to break above the mentioned resistance levels for a bigger up move to happen.

GOLD Engulfing Pattern

• Weekly chart looks really bad for Gold Bulls so far. Price is making a Bearish engulfing pattern. Two more day's for Gold bulls to avoid a bearish pattern on closing basis.
• Bearishness is happening at the weekly cloud.
• Crucial support zone is at the 200 and 50 Day SMA.

EURUSD Daily Chart analysis

• EURUSD Daily time frame seen here testing crucial support zone. Bigger weakness for the pair if this level is not held on closing basis.