- Weekly chart shows a possible triangle pattern.
- Daily chart shows price above 50 Day SMA and moving towards the resistance line.
- Last chart shows price testing 78.6% Fib level. Triangle resistance line is positioned between 78.6% Fib level and the swing High.
- Bank of america correction in daily chart followed by negative divergence.
- The fall will gain momentum if price starts to trade below 20 Day SMA and 38.2% Fib level.
- Daily chart sustaining below 20 SMA Will favor bears of Google. Price is seeking support at 23.6% Fib level.
- Weekly chart is showing huge negative divergence which should give a bigger correction. closing below 801 levels may give bigger falls for Google bears.
- ES Falling from resistance zone shown in 4 Hour time frame.
- Rising support line and 100 Period SMA will keep the bulls interested.
- Last chart shows possible Fib support levels.
- SBI Daily chart shows a Head and Shoulders pattern with TWO left shoulders. So price may take support at the current level for forming another right shoulder to complete the pattern.
- Price is also testing crucial weekly support line from 1571 level.
- Weekly chart also shows price at Ichimoku cloud. Week must close above the cloud to avoid a bigger fall.
- LARSEN & TOUBRO CHART ANALYSIS
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- Move out of the diamond pattern continues to face resistance at higher levels.
- Price is also getting strong support at 100 period SMA.
- Any one of these levels has to break convincingly for a bigger direction to happen.
- BLACKBERRY CHART ANALYSIS
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