- First chart shows price closing above immediate resistance levels.
- Weekly chart shows next Fibonacci levels as target.
- Last chart is daily line chart which shows possible resistance zone between 30.77 and 31.
- FACEBOOK BULL FLAG
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 8, 2013
FACEBOOK Chart update
NIFTY Chart update

- Daily chart shows a bearish engulfing pattern which needs confirmation with a negative candle and high volume.
- It's crucial for bears to close below the remaining portion of the GAP between the last candles low at 5977 to 5963.
- Price has closed below 5 Day High EMA. Next support at Day low EMA(5964). Daily close below day low ema should favor bears to extend the fall.
DOW Jones chart update
DAILY CHART
WEEKLY CHART
DAILY CHART
- Dow Jones Daily chart shows weakness at 78.6% Fib level.
- Weekly chart shows crucial support at 13280 levels.
- Last chart shows price getting resisted at Upper bollinger band. Negative close today could give a correction towards Middle bollinger band.
- FACEBOOK BULL FLAG
January 7, 2013
TCS Chart update

- TCS daily chart has broken above a resistance line.
- Price is testing 100 Day SMA and cloud top. Sustaining above these two levels can take TCS towards 1325 and 1348.
- Unable to clear 100 SMA on closing basis will favor TCS Bears.
- TCS 5 MINUTES LIVE CHART
January 6, 2013
FORD Weekend update
- Weekly chart shows price closing above resistance level.
- Weekly Fib levels shows price approaching 50% Fib level.
- Monthly chart shows price nearing Top bollinger band at 14 levels.
- APPLE WEEKEND UPDATE
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