ES Chart analysis

• ES Hour Moving up in a channel.
• One hour shows support at 50 Hour SMA on declines.
• Daily chart shows price at crucial resistance level. Bulls need a breakout here to continue this up move. Weakness only on price falling below 50 Hour SMA

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INFOSYS Charts before Quarterly results

• Above charts suggest an up move or Bullishness in daily chart But price reaching a point from were it could go both ways now.
• Weekly chart shows price in a broad range and price is near the middle of this range. Best trade one could have taken yesterday is buying the 2500 Straddle. Straddles work well when the volatility is expected to rise and is also safe as the trader holds both put and call at the same strike price.

APPLE Chart analysis

• Daily chart shows the recent reversals from Lower BB through Middle BB has managed to hit the Upper BB. This up move too looks good to target the Upper Bollinger Band.
• Second chart shows confluence of resistance with the resistance line and Upper Bollinger band.
• But before that price has to Cross the Golden ratio shown in 4 Hour chart.

CRUDE Oil Testing support levels

• Crude oil hour chart shows price testing the hourly cloud.
• 4 Hour chart shows price testing the up trend line.
• Weekly Triangle breakout is getting tested. Bears need price to fall back into the pattern.

FACEBOOK Resistance levels

• Facebook Daily chart shows price nearing multiple resistance levels.
• For the up move to sustain price must close above the falling resistance line from 32.50 levels.
• Above 100 Day SMA price should move towards the resistance line. Weakness if price is unable to close above 100 Day sma
• HEWLETT PACKARD CHART ANALYSIS

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Hewlett Packard Chart analysis

• HPQ Daily chart shows price testing a possible resistance line. This line must be crossed for a bigger up move to happen.
• Second chart with Fib levels in weekly chart shows price testing 78.6% Fib level. This level must be crossed on weekly closing basis for a possible move towards 30 Levels to happen.
• Monthly chart too shows price inching up towards upper Bollinger band which is near 30 Levels.

SILVER Triangle Update

 

• Silver four hour chart shows a triangle breakout.
• But Daily chart shows price still trading below crucial resistance levels. Strength can be seen above 20.24 levels. Above that there is the 50 Day SMA Which has to be crossed for a bigger up move to happen.