My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 14, 2012
GOOGLE Chart update
- GOOGLE Weekly chart with bollinger band shows price testing the upper bollinger band. Bears of google need a bearish candle at this level.
- 2nd chart shows a possible resistance line which could act as resistance.
- ES RANGE BREAKOUT
BANK NIFTY Chart analysis
- There is a triangle pattern in the daily chart and 20 SMA in the middle of the triangle pattern.
- 50 Day SMA and the triangle support line are crucial supports for BN.
- Price is getting support at 50 Day SMA. Sustaining above 20 SMA should take BN towards the upper resistance line of the triangle pattern.
- DLF RESISTANCE LEVLES
DLF Resistance levels
- DLF Bulls will gain momentum on trading above the resistance line and 220 levels as shown in last chart. A weekly close above the cloud would also help the stock to move towards 232 which is the 100 Week SMA. Price is likely to get resisted at 100 Week SMA.
- For a bigger up move in this stock price must trade above 100 Week SMA. Unable to cross above 220 levels will be negative in the very short term.
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