April 18, 2015

Apple Chart analysis

  • Apple closed below 50 day SMA
  • Daily chart shows price in a range between 121 - 135
  • Bigger falls or weakness only if price falls below 121 levels.

NIFTY Weekend update

  • Daily time frame shows another correction from a bearish engulfing pattern.
  • Weekly price action too looks bearish but 20 Week SMA may act as support. Price closed the week at 20 Week SMA.
  • Daily chart is near 100 Day SMA which may act as support. Bigger falls if these two crucial levels fails to act as support.
  • TCS Trend update: CLICK Here