January 5, 2012

SPY Trend Update

  • As discussed in the below chart break of the resistance line has given a good move 
  • Price staying above 50 Hour SMA and Hourly cloud will favor bulls for an upper breakout.
  • Support and resistance lines shown in the 30 Minutes chart may give good direction.

NFLX Chart Analysis

MSFT Triangle update

  • MSFT has given a breakout above the triangle pattern. But there is not dramatic increase in volume. Price is moving into resistance band. If it sustains above 27.50 with volumes then this up move will continue 29 levels and above. Getting resisted at 27.50 levels may result in a correction.

Nifty intraday Update

  • Nifty 15 Minutes with support and resistance levels.
  • 2nd chart nifty Hour chart with 200 Hour sma as resistance level.
  • Description in chart please click to expand. 

Triangle breakout TATA MOTORS

  • Tata motors has given a breakout from the triangle pattern which was SHOWN IN THIS POST.
  • Price has also give a breakout above 200 SMA.
  • Price has given good up move from the breakout level, Now it is testing the resistance line of a bigger pattern. For continuing the up move this resistance line too has to be broken and closed above.