- Goog daily is moving up. But week is nearing the selling zone. Last breakout above this selling zone did not sustain.
- Goog daily also near Golden ratio. Price need to close and trade above this level for this up move to continue.
- MSFT WEEKLY BREAKOUT
- MSFT Weekly chart shows price and month closing above resistance line.
- Month chart also shows stiff resistance at the current levels. But month char has managed to close above the resistance line which might help the bulls to continue the up move towards 37.50 levels.
- Crude oil daily chart has support at 20 Day SMA which is near 104.60 for today.
- Previous resistance was between 103.36 - 103.73 levels which may act as support now.
- Bidu near resistance line. Price is also near the apex of a contracting pattern which will be resolved soon to give a bigger move.
- Price is above 200 SMA. So a successful breakout here should give 150 levels and above for Bidu.
- Getting resisted here will take stock back to 200 SMA again.
- Bulls of silver need to close the week above the falling resistance line and the horizontal line at 35.68.
- A bearish candle here will target 32.50 levels and below that.
- Spike above 50 Week SMA looks like a false one so far.
- Nifty one hour chart with a triangle pattern.
- Breakout in favor of bulls must trade above 50 Hour SMA for a sustained up move to happen.
- Price sustaining below 200 SMA will lead to a breakdown. Bigger fall possible below 5268
- SBI Weekly cloud and 5 Week High EMA acting as resistance levels.
- Stochastic shows overbought reading in weekly time frame. But for a correction price has to close below 50 Week SMA.
- RELIANCE CHART ANALYSIS
