APPLE Weekend update

• Above charts shows possible support levels for apple. A bigger fall only if 200 SMA is not held on closing basis.
• APPLE BEARISH ENGULFING

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QQQ Weekend update

• First chart shows price testing crucial support zone of a broadening pattern. Weekly chart shows price testing Lower bollinger band.
• Price is also near 200 Day SMA. Unable to close below 200 SMA may result in a bounce. 

NIFTY Weekend update

 

• NIFTY Daily chart shows price continues to remain in a strong bullish trend.
• Weakness can only be seen once price closes below the Low EMA's and the support lines shown in 2nd chart. crucial level to hold above 6650.
• MACD Histogram shows negative divergence. When the trend remains strong divergences takes time to work. Sometimes they do fail by giving sideways consolidation.
• last chart shows the weekly time frame with is stochast above 80%. Unless stochastic dips below 80% there will not be bigger corrections. 
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BANK Nifty Chart Analysis

 

• Bank nifty closed above its recent swing high on daily time frame.
• Weekly chart shows price testing weekly swing high's
• Last chart shows price staying above 5 week high ema on closing basis and thus keeping the strength of the trend intact.

FACEBOOK Chart update

• Facebook one hour chart shows price near resistance levels
• 4 Hour chart shows price near 38.2% Fib level.

ES Chart analysis

• ES one hour and 30 Minutes chart looks good for bulls. 
• Four hour chart is moving up from the range bottom.
• Last chart shows possible fib resistance levels.

Bank of America testing support levels

• Bank of america Weekly and daily chart testing crucial support levels.
• ES Chart update

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