May 16, 2013

APPLE Chart update

  • APPLE daily has closed below 100 and 50 day SMA.
  • Price has also closed below middle bollinger band in daily time frame. Daily MACD is in sell mode in daily time frame.
  • Hour chart is showing a bullish candle but need to trade above 200 Hour SMA for a bounce to happen.

ES Support levels

  • ES Support levels in 30 Minutes and one hour time frame.

RELIANCE Capital Chart update

  • Yesterday/s Bounce from 50 Day SMA is taking  reliance capital towards crucial resistance levels.
  • Weekly chart shows overhead resistance at 50 and 100 Week SMA.
  • Daily chart shows resistance line between 386 - 388 level. 

ES Chart analysis

  • ES is trying to stay above the small range shown in 30 Minutes time frame from which it gave a breakout earlier.
  • Range top has given support for now. Bears may break it if gets tested again.
  • Trend line and Cloud are crucial support levels for this time frame.