APPLE Negative divergence

• APPLE Hour chart shows negative divergence with MACD histogram
• Weakness only if price trades below the hourly up trend line and 50 Hour SMA.
• Breakdown possible only if price starts to trade below the hourly cloud.

GOOGLE Chart update

• GOOGLE Weekly chart with bollinger band shows price testing the upper bollinger band. Bears of google need a bearish candle at this level.
• 2nd chart shows a possible resistance line which could act as resistance.
• ES RANGE BREAKOUT

ES Chart update

• ES Hour chart shows a range breakout.
• Price falling back below 50 Hour SMA shall result in a failed breakout.
• If the breakout sustains price may target the red resistance line as shown in the last chart.
• A failed pattern may result in a fast fall in  favor of bears.

BANK NIFTY Chart analysis

 

• There is a triangle pattern in the daily chart and 20 SMA in the middle of the triangle pattern.
• 50 Day SMA and the triangle support line are crucial supports for BN.
• Price is getting support at 50 Day SMA. Sustaining above 20 SMA should take BN towards the upper resistance line of the triangle pattern.
• DLF RESISTANCE LEVLES

DLF Resistance levels

• DLF Bulls will gain momentum on trading above the resistance line and 220 levels as shown in last chart. A weekly close above the cloud would also help the stock to move towards 232 which is the 100 Week SMA. Price is likely to get resisted at 100 Week SMA.
• For a bigger up move in this stock price must trade above 100 Week SMA. Unable to cross above 220 levels will be negative in the very short term.

SPY in a rectangle

• SPY in a bullish rectangle.
• Bullish only if price is able to sustain above 50 Hour sma.
• Falling below 50 Hour sma could give a fall towards 139.80 and a possible range breakdown.

EURUSD Positive divergence

 

 

• EURUSD Four hour chart shows a corrective up move in a channel
• Daily chart continue to get resisted at 50 Day SMA.
• Weekly chart is showing a positive divergence which needs price to follow up for a big up move to happen. Breaking recent lows will negate the formation of positive divergence.