July 25, 2013

APPLE Chart update

  • Apple four hour chart shows price above the falling resistance line. Weakness only on price falling back into this pattern.
  • Weakness on price falling below 434 or 38.2% Fib level as shown in second chart.
  • CATERPILLAR DEATH CROSS
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CATERPILLAR Death Cross

 
  • Bearish engulfing at 200 Day SMA continues to do well.
  • Price closed below 50 Day SMA with above average volume.
  • Daily chart has a Death cross. Bearish cross will do well if price starts to trade below 80 and 79.
  • ES Chart analysis
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ES Support and Resistance levels

  • First chart is one hour time frame with immediate resistance levels. Broken 200 Hour SMA may act as resistance on up moves.
  • 4 Hour and Daily chart shows crucial support levels.
  • BIDU CHART ANALYSIS
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ITC Intraday update

UPDATED CHART - II
  • Support line shown below has broken and gave a good fall in favor of ITC Bears.
CHART - I

  • ITC 30 Minutes chart shows price contraction.
  • One hour chart shows price near 50 Hour SMA.
  • Strength above 374 and Weakness below 368.
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BANK Nifty Chart analysis


  • Bank Nifty daily chart shows price violating crucial support levels.
  • Weekly candle testing 100 Week SMA.
  • Fib levels shows price near 50% level which is near 10590. Closing below this level means BN moving towards 10000. Taking support near 50% Fib level may lead to an up move.



BIDU Chart analysis

  • BIDU Daily chart shows a bullish Golden cross.
  • For the weekly trend to turnaround price need breakout and sustain above the weekly cloud.
  • Last chart shows possible resistance levels for tomorrow on breaking above 115 levels.
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S&P 500 Analysis after closing bell

 
  • SPX Daily line chart shows price showing weakness near channel resistance line
  • One hour chart shows price breaking the up trend line. More weakness on price trading below the hourly cloud.
  • Sustaining above the cloud may resume the up move for one more hit at the channel resistance line before the big correction could start.
  • EBAY BUYING ZONE
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