- Infosys Multi Years support line shown in first chart has saved bulls from a bigger fall.
- Second chart shows a possible False breakdown scenario, Mostly this is followed by swift move on the opposite direction. But Bulls has one more hurdle Which is the Falling resistance line of a Descending triangle pattern. Bearish Only if price starts close below 900 levels again.
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- GE Month trending down after a Trend line breakdown.
- Second chart shows price approaching a crucial support zone. Bulls must protect 23.40 to avoid more weakness. Possible bounce or reversal if this level is held.
- Daily chart shows price trending down below the cloud. For a bigger bounce or reversal price must move above Daily cloud.
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GOOGLE Range and Month Trend update
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- Daily range shows price nearing the resistance zone.
- Month chart shows the Bullish trend. Breakout above 1008 is possible. If gets resisted around here then price likely to remain in the aforementioned range and move sideways towards the Monthly trend line.
- Monthly chart shows breakout resulting in 200 points each.
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- 4 Hour chart shows a Small up move in a Down swing. Price is near crucial resistance levels. Staying below the cloud will help Apple bulls to resume the fall. Daily time frame too shows resistance at 20 Day SMA.
- Weakness below 152 and 149 levels. Closing the Day above 20 Day SMA may change momentum in favour of Apple Bulls.
- AMAZON Chart Analysis
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- Weekly time frame is shown in second chart which is showing a Bounce from 20 Week SMA. If week builds momentum then this up move can take price back towards 10100 levels.
- Hour is also showing an up swing. Weakness if Hour calls back below 9950 and 9880 levels.
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- Daily chart shows Price near the resistance line of the Flag pattern. If price gets resisted here another Dip towards 200 Day SMA is possible.
- For the Bullish trend to stay alive This pattern has to be a Bullish Flag.
- One warning for the long term investors is the Long upper shadow in weekly chart shown in chart two. But this one will be more prominent only if Daily closes below 200 SMA.
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- ES one hour chart shows weakness at the top.
- But All charts shows multiple support levels for Bulls. Up move will weaken further only if price closes below 50 Hour SMA.
- Trend of Hour will not be challenged until price falls below the Hourly cloud.
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