DOW Jones Chart analysis

 

• Dow hits the 50 Day SMA.
• Price also nearing the Daily cloud and the Golden ratio.
• Bearish daily candle at 50 SMA may give a correction.

APPLE Chart update

 

• Apple daily chart trying to form a bearish head and shoulders pattern.
• Weekly chart shows price testing the weekly cloud. Long term trend will be in trouble only if price starts to trade below the cloud.
• Last chart shows the death cross which will be effective once price starts to sustain below 505 levels.
• APPLE - THE DEATH CROSS

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EURUSD falling from resistance zone

• EURUSD Reacting from the daily resistance zone.
• Price has fallen to its 50 Day SMA. If daily candle closes below 50 SMA we could see a bigger fall towards the 200 Day SMA.
• One should also keep in mind the Golden cross shown in second chart with 50 and 200 Day SMA.
• APPLE - THE DEATH CROSS

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TCS Chart analysis

 

• TCS Trying to hold above 200 Day SMA.
• Daily is showing  a 92 point range. Bigger moves only when this range gets resolved
• Last chart shows price yet to recover from the weekly bearish engulfing pattern.
• For bears price need to close below 200 Day SMA. Holding above it may give an up move towards the upper end of the range.

NIFTY Fib fan and Support levels

 

 

• Nifty Fib fan shows price hitting 78.6% Fib line. A bigger up move possible on trading above this line.
• Yesterday's Dip was saved by 5 Day Low EMA.
• Last chart shows the level below which nifty may turn weak. Weekly RSI is at overbought zone which will favor bears ONLY if price starts to trade below 5815 levels.
• BANK NIFTY LIVE CHART WITH AUTO REFRESH