May 13, 2013

FACEBOOK Support and Resistance levels

  • Facebook one hour chart getting support at the small gap and golden ratio shown in chart one and two.
  • Immediate resistance level at 50 Hour SMA.
  • Breaking these levels on closing basis may result in a bigger move.

APPLE Hour chart analysis

  • Apple hour chart is getting ready for a bearish cross with 20 and 50 Hour SMA.
  • Crucial levels to break are 450 and 23.6% Fib level.
  • Strength on price closing above 465 level.

SILVER Chart update

  • Silver shows a small inverted head and shoulders pattern in 30 Minutes chart.
  • Sustaining above the resistance levels shown in chart 2 may lead to a bigger up move.
  • Weakness on falling below 23.44 levels.

GOLD Chart analysis

  • Gold 30 Minutes chart shows resistance at 50 period SMA and 30 Minutes cloud. Sustaining above these levels may result in an up move.
  • For a bigger up move price must sustain above 1441 levels as shown in the one hour chart.

SBI Intraday update

  • SBI One hour chart shows price contraction.
  • 15 Minutes chart shows a small triangle within the larger pattern shown in one hour chart. Breakout from the smaller pattern may give direction for the bigger pattern.

RELIANCE Capital Chart analysis

  • Reliance capital at multiple resistance levels.
  • For the up move to continue price must break 50 and 100 Week SMA. Price is also near the 38.2% Fib level.
  • Above 387 price may target the 200 Day SMA at 397. Weakness below 371. Up move will weaken if price starts to trade below 351 and 347 levels.

ES Chart analysis

  • ES near Hourly range bottom and also testing crucial supports like 100 Hour SMA and Hourly ichimoku cloud.
  • Breaking or closing below the range low may result in a bigger correction.