August 17, 2010

Dow Jones Futures Hourly chart

UPDATED CHART - 2
UPDATED CHART

  • Dow Jones Futures chart is moving up steadily.
  • Price is approaching the resistance area of 10360.
  • If the index manages to trade above 10360 it will be an important reversal.

AT&T Triangle in 30 minutes chart

TRIANGLE BREAKS OUT
UPDATED CHART(18th AUG)
  • AT&T Inc is trading in a triangle in its 30 minutes chart.
  • This stock has been in a sideways consolidation for more than a year now. And the stock is trading near the upper end of the consolidation.

Nifty 15 minutes chart


  • Nifty has broken an important support line in 15 minutes chart. If nifty closes below the support line it will test the recent lows.
  • Nifty slowly but surely is going down. Its slow grinding move may pick up speed after trapping the remaining bulls.

Nifty's Triangle in 5 minutes chart

UPDATED CHART
UPDATED CHART
  • Nifty has broken out of the triangle.
  • But The expected upward momentum is lacking. 
  • If nifty goes up from here it will find resistance at 5443 level. above 5443 the next target is 5460

  • Nifty is showing Triangle pattern in its 5 minutes chart 
  • The breakout or breakdown may give direction for the next 50 points in nifty.
  • Beware of false breakouts since it is a triangle
  • NIFTY DAILY CHART ANALYSIS

Nifty daily chart analysis

  • Nifty's direction may be decided within one or two day's
  • Nifty has closed below 20 DMA. The 50 DMA is also approaching the consolidation area.
  • So a breakout or breakdown is imminent. 
  • DLF LIMITED TRADING NEAR 200 DMA

DLF LIMITED Trading near 200 DMA

  • DLF LIMITED is trading close to support and resistance lines.
  • The stock is trading near its 200 DMA.
  • So a breakout from this area will result in stock pulling away from the 200 DMA. 
  • One can take a trade towards the breakout area. Wait for a clear breakout don't assume to which side the stock will breakout that's were traders loose money. Enter after the stock breaks out with the breakout point as stop loss.
  • LIVE INTRADAY CHART FOR DLF LTD