GLD Weekend update

• Daily chart shows resistance at 50 Day SMA. Falling resistance line in weekly chart too is a resistance level.
• Rising up trend line from 127 and 100 Week SMA are support levels.
• Price contraction between the above mentioned support and resistance levels may soon resolve for a bigger move.

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MICROSOFT Weekend update

• Microsoft daily chart has closed above the trading range.
• Weekly chart is yet to confirm a breakout with price closing near the falling resistance line and 100 week SMA.
• Price need to break the above mentioned levels in weekly chart and 38.2% Fib level to extend the up move.

GDX Death cross and Support levels

 

 

• GDX Daily chart shows the death cross. Price get resisted near 50 and 200 Day SMA.
• Second chart shows a possible falling support line.
• Last chart shows previous swing lows near 40.40 and 39.08 which may act as support levels if the correction continues.

ES Hour chart analysis

• Price moving up in a channel
• Hourly cloud and 100 Hour SMA continue to act as support.
• For bigger correction price has to do a channel and cloud break.
• APPLE FALLING IN A CHANNEL

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Netflix Chart analysis

• NFLX Daily chart was in a minor up trend and the news reaction too went with the trend.
• Price is trading above the weekly swing high of 133 levels. Sustaining above this level will keep the upward momentum intact.
• Price is testing 38.2% Fib level. Closing the week above this level may take price towards the next Fib level in the coming weeks. Weakness can be seen if price starts to trade below 133 levels.
• APPLE FALLING IN A CHANNEL

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APPLE Falling in a Channel

 

• Apple Weekly chart shows price falling below the cloud, this event last took place in 2008.
• Weekly chart also shows price violating the Multi Year up trend line. Next crucial level in chart is the zone between 410 - 430.
• Last chart shows a possible descending channel. Price has fallen below 100 Week SMA. Bears need a weekly close below this level. Keeping inside this channel will further strengthen bears of Apple.

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NIFTY Intraday update

• NIFTY 15 Minutes chart shows price contraction between support and resistance lines.
• Strength on nifty sustaining above 6045 levels
• weakness below 6007 levels. Hour chart shows 78.6% Fib level giving support for now. Hour closing below this level may extend the correction towards 5987 levels and lower.
• IVRCL CHART ANALYSIS
• HDIL CHART ANALYSIS

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