December 3, 2013

FORD Support and Resistance levels

  • Price resistance level at 17.2, Daily upper bollinger band and 50 Day SMA too is acting as resistance levels.
  • Immediate support at 20 Day SMA which is at 19.96 level.
  • Daily chart shows a contraction pattern which is forming after a down move so can be considered as a bearish continuation pattern on the contrary bulls need a close above 50 Day SMA and 17.2 level on closing basis for an up move to happen.
  • ES Chart update

1 comment:

  1. Get live more nifty levels by TRADINGRESEARCH
    Fill up the Following Details and Get profit of 2 Days FREE MCX Tips, Gold tips, Commodity tips, Equity tips
    Contact us 0731-6461777, 08109022000