CRUDE OIL Chart Analysis

• CRUDE Oil daily chart shows weakness at golden ratio.
• Bigger fall only if price starts to trade below the up trend line and 20 Day SMA. Taking support at these levels will keep the up trend intact.

GOLD Resistance levels

• Gold daily chart shows price near recent swing High.
• Bigger weakness only if price starts to trade below 20 Day SMA.
• Gold bears need a bearish weekly candle at weekly cloud for a bigger fall to happen

HINDALCO Buy Signal and Resistance levels

• Hindalco weekly chart suggests a short term bottom in place. Daily chart shows MACD indicator giving a buy signal after positive divergence
• But price is still trading below 200 and 50 Day SMA's at 108 and 109 levels. This level must be crossed for bulls to extend the up move.
• BANK NIFTY - HANGING MAN

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Nifty Chart update

• NIFTY Shows weakness at the 78.6% Fib level. For bulls price must close back above this level for extending the current up move.
• Bears need price to close below 50 and 100 Day SMA as shown in chart one for a bigger down move to happen.
• Price continues to trade in the range. For now price is near the resistance level of the range.
• HINDALCO BUY SIGNAL AND RESISTANCE LEVELS

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BANK Nifty Chart analysis

• Bank nifty daily chart is testing 50 Day SMA.
• Price shows a possible Hanging man pattern in daily chart at Golden ratio. This candlestick pattern need confirmation, A bearish candle here can confirm a short term reversal.
• GAP and Daily cloud may also act as resistance.

APPLE Weekend update

• February month candle failed to close near the High's, This will keep the Monthly bearish setup intact.
• Daily chart is contracting in a triangle. The presence of 50 and 100 SMA will make it tougher for bulls to do an upper breakout.
• Breakout is likely to happen in favor of bears because of the Bearish Monthly setup.
• BLACKBERRY Analysis after closing bell

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BLACKBERRY Analysis after closing bell

• Weakness of BBRY at 10.85 in the form of a bearish engulfing may take price towards the range support level at 8.92.
• Immediate support at 20 Day SMA as shown in last chart.
• 2nd chart the weekly time frame shows Price rejection at 50 Week SMA which is bearish. Bulls need to close above 50 Week SMA to negate the bearish view.