May 4, 2017

CRUDE Oil Broken support levels

  • Crude oil daily chart has broken the crucial support zone around 47 .  Daily trend line too stands broken.
  • Weekly chart shows a big bearish candle. Its looking good for bears but week need to close at the current levels or lower. Up moves from the current levels are likely to give shorting opportunities in the coming week.
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CRUDE Oil Trend update

  • Crude oil daily testing crucial support zone at 47. The trend line which has held so far from 35 levels has been violated But bulls still has hope at 47 level. Bigger worry for bulls only if this level gets broken on closing basis.
  • Another negative view for Crude bulls is the position below 200 Day SMA, Recent falls below 200 SMA has resolved in favour of bulls But for now 47 level is crucial for this to repeat.
  • APPLE Chart Analysis
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May 2, 2017

APPLE Chart analysis before Quarterly results

  • Apple daily shows an Ascending broadening wedge pattern. This is mostly a bearish pattern. Daily MACD is showing Negative divergence with price.
  • But bulls are seeing price above crucial moving averages. 20 SMA is above 50 Day SMA. Weakness in this setup only if price starts to close below 143 levels.


May 1, 2017

CRUDE Oil Testing Daily Trend line

  • Crude oil daily is testing the trend line once again. Most of the recent test of the trend line has worked in favour of Crude bulls. 
  • the support zone between 47 and 48 is crucial. If that level breaks then the trend line is not effective any more. If it holds another up swing towards 52 and 53 levels is possible.
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Twitter Monthly support zone



  • 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.
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April 27, 2017

CRUDE Oil chart update


  • Crude one hour continues to trend below the cloud. 
  • 4 Hour chart suggest price likely to complete an inverted V when it hits 47.10 levels. Bigger bounce or reversal likely to be possible only from 47 levels.
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April 26, 2017

TATA Motors Chart analysis


  • Tata motors daily shows oversold indicator levels. Price is moving into a crucial support zone. If the level is held a reversal is possible. That is a Big IF and one has to trade with caution.
  • Week and Month shows the support levels. Bigger weakness for the stock on closing below 420 levels in Higher time frames.
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