August 31, 2012

APPLE Hour chart update

  • Daily chart shows support near 655 levels.
  • Bears need to break below the Hourly cloud and 23.6% Fib level for further down moves.
  • Holding above the cloud and the fib level may lead to an up move.
  • APPLE DAILY CHART UPDATE


APPLE Chart analysis

 
  • Apple daily chart nearing a MACD sell signal.
  • MACD lines also shows negative divergence in daily time frame.
  • For the above scenario to work well for APPLE Bears price need to fall below 644 and 20 Day SMA. 
  • For a bigger fall price must close the day and week below 644 levels.
  • INTEL CHART ANALYSIS


INTEL Chart Analysis

  • INTEL weekly chart near previous resistance level.
  • Price is also near 100 Week SMA.
  • Breaking below 23 on weekly closing basis should push the stock down towards the up trend line shown in 2nd chart.
  • If previous resistance acts as support an oversold bounce looks possible from 23 levels.
  • SILVER BULL FLAG


SILVER Bull flag

 
  • Silver four hour chart shows a bull flag pattern.
  • Bull flag will work well in favor of bulls only if price stays above the four hour cloud and Daily chart stays above 200 Day SMA.
  • Daily falling below 200 SMA shall result in a correction in favor of bears.
  • ES CHART ANALYSIS


NIFTY Chart Analysis

 

  • Nifty found support at 50 day sma on expiry day. But price is still below crucial resistance levels like 5348 and 20 Day SMA. For a bigger up move days must close above these levels. 
  • MACD Sell signals continue to look good in daily chart. Weekly chart shows a fight between shooting start candlestick and the weekly cloud. Breaking and closing into the cloud will add strength for the inverted hammer candlestick.


ES Chart update

  • First chart is ES one hour with support and resistance lines.
  • Second chart shows four hour time frame with Same support line and the next support levels in case of a breakdown.
  • Last chart shows price below the cloud and testing support levels. Breakdown will strengthen bears for a trending down move in hourly time frame.


August 30, 2012

SILVER Support and Resistance levels

  • Silver daily chart shows support line between 29.89 - 29.93. Second chart shows daily chart with fibonacci support levels. 
  • Third chart shows weekly fibonacci levels, 23.6% is acting as resistance for now. Last chart shows hourly time frame in a range which should be resolved for a bigger move to happen.


APPLE Hour trend update

 
  • Apple hour has violated the up trend line.
  • Supports in hour chart are 655 and 647 levels 
  • Weakness on closing below 50 Hour SMA.
  • Possible trend turn only if price breaks below the cloud.
  • ES CHART ANALYSIS


ES Chart analysis

 
 
  • ES Daily chart trading below 20 day SMA.
  • Daily chart shows support near lower bollinger band.
  • Hour chart shows price bouncing from 78.6% fib level. More falls on breaking this level. Holding this level an intraday up move possible.

NIFTY intraday update

NIFTY WEEKLY CHART
  • Nifty fall pausing at 50 Day SMA.
  • Breaking day low and 50 SMA could fill the GAP shown in 2nd chart completely and may target 38.2% Fib level at 5188.
  • For bulls price must get back above 23.6% Fib level to avoid a bigger fall.
  • Shooting start shown in weekly chart has been doing well so far.
  • TATA STEEL CHART ANALYSIS


TATA Steel chart analysis


  • Tata Steel daily chart shows a Head and shoulders breakdown.
  • Weekly chart shows price violating crucial support at 382.
  • Bulls of tata steel badly need an intra week rally to close the week above 382.
  • Next major support at 331 levels. 78.6% at 367 levels may act as a support.
  • NIFTY WEEKEND UPDATE


August 29, 2012

EURUSD Resistance levels


  • EURUSD Weekly chart continues to get resisted at 20 Week SMA
  • Daily chart shows price moving up in a channel. There will not be big falls as long as price continues the up move in the channel. Holding the channel support line up move may continue to till 1.27 levels.
  • Major resistance at 200 Day SMA.


ES Chart update

  • ES Four hour chart shows price contraction which may give a bigger move soon.
  • Second chart shows the support and resistance levels.
  • Last chart shows fibonacci levels and target areas.


August 28, 2012

ES Support and resistance lines

  • ES Daily chart with price inside a channel. Price is trading near the upper side of the channel.
  • Closing the day below 20 SMA could extend the call.
  • 4 Hour chart shows crucial support and resistance lines which has to be broken for a bigger move to happen. 


SILVER Trend update

  • Silver hourly chart will continue to trend up on sustaining above 50 Hour SMA and Hourly cloud.
  • Turnaround in daily chart too will be safe on sustaining above 200 Day SMA. Daily close below 200 day SMA may turn things in favor of Silver bears.
  • CRUDE OIL CHART UPDATE


August 27, 2012

MCX CRUDE OIL Chart update

  • Crude oil falling towards the support line of the rising wedge.
  • Price is correcting from the golden ratio.
  • Trading below 20 Day SMA and 93.22 levels would extend correction.