March 13, 2013

GOOGLE Hour chart analysis

  • Google hour chart shows a channel.
  • Price is nearing 100 Hour SMA. Close below 100 Hour SMA may lead to a bigger fall. This level may also act as support level.

Bank of America trend update

DAILY CHART
WEEKLY CHARTS
 
  • Daily chart is in a sideways move with price correcting from the top of the range. Closing below 20 Day SMA would extend the move towards the bottom of the range.
  • Weekly charts shows the up trend still intact. Weekly bullish trend will be challenged only on price violating the up trend line from 6.9 and closing below 23.6% Fib level shown in last chart.



EURUSD Trend update

 
  • 4 Hour chart shows price testing support zone.
  • Daily chart shows price near 200 Day SMA.
  • last chart shows support at 78.6% Fib level if the current support zone is broken.

SBI Chart analysis

 
 
  • State Bank of India trying to protect 100 Day SMA.
  • Second chart shows daily MACD in Buy Mode But for this to work price must sustain  above 20 and 200 Day SMA.
  • Last chart shows crucial fib levels. Strength above 38.2% and Weakness below 23.6% Fib level.
  • BANK NIFTY UPDATE
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BANK NIFTY Chart Update

  • First chart shows the ongoing bounce with fib levels and 20 SMA. Price must sustain above 20 SMA and 23.6% Fib level for avoiding a bigger correction
  • Second chart shows crucial resistance levels in daily chart with 100 SMA  and 50% Fib level.
  • Last chart shows price weakness at the neck line. Bulls must cross this level on closing basis to avoid a bigger fall.
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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SILVER Update

  • Daily chart shows price trying to stay above 20 Day SMA.
  • Second chart shows price in a range and the Last chart shows Previous support zone and 38.2% Fib level combining to form a crucial resistance area. So bulls must sustain above 20 SMA and break above these resistance levels for a bigger up move to happen.