- Hourly cloud is acting as support. Weakness only if bears manage to close below the cloud.
- Hour is in a range. Bigger moves only when range gets resolved. Staying above 100 SMA an upper breakout is possible. Below the cloud price may move towards 2520 levels. Breakout above the range can give 2560 plus levels.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 10, 2017
ES Hour chart Analysis
INFOSYS Multi Year support line and Descending Triangle
- Infosys Multi Years support line shown in first chart has saved bulls from a bigger fall.
- Second chart shows a possible False breakdown scenario, Mostly this is followed by swift move on the opposite direction. But Bulls has one more hurdle Which is the Falling resistance line of a Descending triangle pattern. Bearish Only if price starts close below 900 levels again.
October 9, 2017
GENERAL ELECTRIC chart analysis
- GE Month trending down after a Trend line breakdown.
- Second chart shows price approaching a crucial support zone. Bulls must protect 23.40 to avoid more weakness. Possible bounce or reversal if this level is held.
- Daily chart shows price trending down below the cloud. For a bigger bounce or reversal price must move above Daily cloud.
- GOOGLE Range and Month Trend update
ALPHABET Range and Monthly Trend update
- Daily range shows price nearing the resistance zone.
- Month chart shows the Bullish trend. Breakout above 1008 is possible. If gets resisted around here then price likely to remain in the aforementioned range and move sideways towards the Monthly trend line.
- Monthly chart shows breakout resulting in 200 points each.
October 8, 2017
APPLE Chart Analysis
- 4 Hour chart shows a Small up move in a Down swing. Price is near crucial resistance levels. Staying below the cloud will help Apple bulls to resume the fall. Daily time frame too shows resistance at 20 Day SMA.
- Weakness below 152 and 149 levels. Closing the Day above 20 Day SMA may change momentum in favour of Apple Bulls.
- AMAZON Chart Analysis
October 7, 2017
AMAZON Bull Flag and Weekly chart
- Daily chart shows Price near the resistance line of the Flag pattern. If price gets resisted here another Dip towards 200 Day SMA is possible.
- For the Bullish trend to stay alive This pattern has to be a Bullish Flag.
- One warning for the long term investors is the Long upper shadow in weekly chart shown in chart two. But this one will be more prominent only if Daily closes below 200 SMA.
Subscribe to:
Posts (Atom)


















