DLF Ltd Important Breakout

• DLF weekly chart showing breakout above 345 levels.
• For next week if the stock does not go below 341 - 347 area it has good chance of targeting 370 area. 

RELIANCE CAPITAL with an inverted head and shoulders

CHART - II

CHART - I

• Reliance capital seems to be resisted by the neckline of an inverted head and shoulders
• Resistance seems to be too strong at 825 region.
• One should plot the neckline and can go long only if the neckline is broken. keep a small stop loss, The risk reward ration is good. A short sell is also possible next week if the attempt to breakout fails.
• LIVE INTRADAY CHART FOR RELIANCE CAPITAL WITH EMA
  

ACC Limited weekly chart analysis

• ACC Weekly chart is showing resistance at 1020.
• Stock is trading in a broad range of 800 - 1020. Now the stock is trading near the upper end. If it does not move above 1020 during next week it can give  a good shorting opportunity. 
• If the stock breaks out above 1020 current up move can continue for some more time.
• Indicators such  as RSI and STOCHASTIC are in overbought zone.

Russell 2000 Weekend Update

• The resistance line marked in the line chart seems to be very strong. If the range in hour chart shown in this POST break on the upside, Index may find resistance at around 660 levels on closing basis.
• Closing above this line can be very positive for the bulls.

S&P 500 end of day analysis

• First chart is S&P 500 with 10 and 50 DMA. Price is making another attempt to close above 1130. Last time when it approached the same area the index was very volatile. See the number of times it violated the 10 DMA. But this time trend looks clean. Price has not yet violated the 10 DMA. 
• So if price violates 10 DMA before it closes above 1130 that might be a warning for the bulls.

S&P 500 Support and Resistance lines

• S&P 500 Chart with Support and resistance lines.
• Breakout can give good direction.

Russell 2000 Trading in a range

• Hour chart of  Russell 2000 is showing a range of 643 - 654.
• Breakout of the range can give good direction for the short term