- AT&T chart is showing price and volume breakout in weekly Time frame.
- Price has closed on a high with good buying volume.
- Price is consolidating in short time. Next long entry can be taken when price breakout of this pattern.
- MICROSOFT DESCENDING TRIANGLE PATTERN
- LIC Housing Finance gave a perfect breakout from a channel along with volume spike.
- Notice the steady decrease in volume when price moves inside the channel. One can avoid false breakouts if the breakout does not have a volume spike. In this case we had both.
- Price was also forming an ascending triangle pattern.
- Price has closed above 200 DMA. Stock will move higher if 200 DMA holds.
- LAST UPDATE ON LIC HOUSING FINANCE
- JP Associates is moving towards 100.
- Moving averages are showing bullish alignment.
- 200 DMA for the stock is around 110 level. If price sustains above 100 we may see it move towards 200 DMA.
- Those who are already long may book partial profits around 100 levels.
- 30 Minute chart of MSFT is showing a Descending Triangle pattern.
- Price closing 25.30 will help the bears of MSFT
- Google is moving towards its 50 day moving average.
- 50 DMA and 61.8% Fib ratio may act as resistance levels on its way up.
- First chart shows ES Hour breaking above a rectangle type of consolidation.
- 50 Hour moving average is near 1325 level. Staying above this level will favor bulls.
- Till now the dips below 50 hour moving average has not helped bears at all. Bulls managed to buy the dips. Price has to sustain below 50 hour moving average for bears to get a meaningful correction.
- ASCENDING TRIANGLE OF CRUDE OIL
- Bank nifty 30 Minutes chart shows a range of 11600 - 11900.
- Break of 11600 can give good correction for Bank Nifty.
- If gets support at 11600 we may see BN move towards 11750 levels today.
