- HDIL Has given a good breakdown from the rising wedge pattern. Those who spotted this pattern early would have entered a safe short trade. For now stock has reached the Lower bollinger band in daily time frame a potential support level one should be careful of taking short.
- Price is testing 50 Day SMA. Seeing the pattern there exist possibility of more falls so one should try to short at higher levels.
- SBI CHART ANALYSIS
- TCS CHART ANALYSIS
- BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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- Daily chart nearing 200 Day SMA
- Weekly chart falling from Ichimoku cloud with a bearish engulfing pattern.
- Last chart shows price near 50% Fib level and 50 Day SMA.
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SPX ANALYSIS AFTER CLOSE
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- SPX 4 Hour chart shows price closing near the up trend line. Price sustaining above the 4 Hour cloud will keep the bulls interested.
- Crucial support in daily chart are the 20 SMA and 50 Day SMA
- EURUSD TREND UPDATE
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- EURUSD Daily chart is testing the breakout above the resistance levels.
- Daily chart shows negative divergence. During trending moves divergence doesn't work well.
- Price sustaining above crucial moving averages. Weakness on price falling below 20 day sma.
- APPLE WEEKEND UPDATE
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- Daily chart shows price at lower bollinger band which may result in a bounce.
- MACD sell signal is doing well so far as price breaks the range. For bears price has to sustain below 23.6% Fib level for more falls.
- If price gets back into the range we may see a rally for the false breakdown.
- APPLE WEEKEND UPDATE
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- Daily MACD is showing a sell signal But price yet to break below daily range or 20 Day SMA.
- Weekly chart is also showing price above crucial support levels as shown in last two charts. These two levels in weekly has to break for a bigger down move to happen.
- NIFTY WEEKEND UPDATE
- BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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- Daily chart near 50 Day SMA. Daily chart also shows price nearing GAP.
- Weekly chart shows 100 Week SMA as resistance level.
- So confluence of resistance will make it tough for bulls to move up.
- APPLE WEEKEND UPDATE
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