December 31, 2013

Bharti Airtel Chart analysis

  • Bharti Airtel is testing a channel resistance line and 100 Day SMA. Bulls need a daily close above these levels for the day to avoid a bigger correction.
  • Bearish candle for the day may start a correction towards 200 Day SMA.

December 30, 2013

CRUDE Oil support and resistance levels

 
  • Daily chart shows weakness at 200 Day SMA. Crude oil bulls need to close above this line to avoid a correction.
  • 4 Hour chart shows price approaching crucial support levels. Closing below 98.50 levels and the cloud of this time frame will add strength for crude oil bears.


ES Chart Analysis

  • First chart shows price nearing 50 Hour SMA. First signs of weakness if price starts to trade below this line. Second chart shows price giving bullish breakouts and trending above the Hourly cloud.
  • Bears are hoping for the Setup in daily chart to work for starting a correction.
  • FACEBOOK Bearish Weekly candle
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BANK NIFTY Golden Cross


  • Bank Nifty Daily chart is about to do a Golden cross.
  • Second chart shows the recent crosses which has given good price moves So the chance of a whipsaw happening is higher. 
  • Weekly chart looks overbought and testing golden ratio, 50 Week SMA. Price must stay above these levels for the bullish event to perform well.
  • EURUSD Hits Monthly Resistance line
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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December 29, 2013

BLACKBERRY Weekend update

  • Blackberry weekly chart shows price pausing at the 20 Week SMA. Daily chart shows price testing the daily cloud which has to be crossed for a bigger p move to happen.
  • 2nd chart shows a Bullish MACD cross in weekly chart, For this setup price must stay above the falling resistance line shown in the same chart.
  • FACEBOOK Bearish Weekly candle

December 28, 2013

FACEBOOK Bearish Weekly Candle

  • Weekly candle looks like a Gravestone Doji. The candlestick lacks perfection because of the small lower shadow still it looks bearish.
  • Daily MACD is showing bearish alignment. Price is approaching crucial support lines and 23.6% Fib level. These support levels should break for the bearish scenario to play out.
  • EURUSD Hits Monthly Resistance line
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December 27, 2013

EURUSD Hits Monthly Resistance line

 
  • EURUSD Testing the resistance lines in Month and Weekly time frames.
  • Bullishness for the pair only on a weekly and Monthly close above these lines. For now price is getting rejected at these resistance lines. Bearish weekly close may confirm weakness for the pair.
  • SILVER Support and Resistance levels
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