- Facebook is trying to stay above its 50 Day SMA.
- 2nd chart shows a clear triangle breakout towards higher levels.
- Last chart the weekly time frame shows price struggling at 20 Week SMA. Previous weekly candles failed to close the week above this level. Week must close above 20 Week SMA for bigger up moves to happen.
- SINA BULLISH ENGULFING AND WEEKLY SUPPORT ZONE
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- One hour closing below 50 Hour SMA may extend the fall.
- Crucial support zone between 7172 - 7206
- 4 Hour chart shows fib support at 38.2% Fib level.
- Reliance communication has its 38.2% Fib level and 5 Day Low EMA around 135 levels.
- 135 levels is also a previous resistance zone which is trying to give support.
- Bigger weakness for the stock only if price starts to trade below 38.2% Fib level on closing basis.
- DLF WEAKNESS AT GOLDEN RATIO
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- DLF Weekly chart shows weakness at golden ratio.
- Price movement was dramatic and Gave a Big bearish engulfing pattern But there was not big change in volume. Bearish engulfing needs more confirmation.
- More weakness for the stock if it starts to trade below 23.6% Fib level.
- Crucial short term support for ES at 30 Minutes cloud.
- 4 Hour chart shows price breaking above recent resistance zone. Weakness for the day only if price falls back below this zone.
- Price moving in favor of the bullish pattern in Tata Steel.
- Next resistance in daily chart is at 485
- Weekly resistance is between 500 and 503. 500 Being a crucial round number its important for bulls to close above this resistance zone to increase the upward momentum.
- Ford Motor weekly chart seen here in a Triangle contraction pattern.
- Weekly will favor bulls as long as price stays above 20 Week SMA. Weekly chart will gain momentum on closing above 16.27 levels which is also the 50 Week SMA.
- Weakness on price closing below 20 Week SMA.
