DELL chart analysis

WEEKLY CHART OF DELL

DAILY CHART

• Dell weekly and daily chart is showing consolidation patterns that can give good trading opportunities.
• Week chart is showing a bullish continuation pattern.
• Price in daily chart is trading below its 50 DMA. Price if gives a breakout above the resistance line will give a chance to go long. Price closing above 50 DMA will favor bulls.
• Support is seen at 13.22 Break of this level will be negative and will favor bears.
• NFLX WEEKEND UPDATE
  
  

BANK NIFTY Chart analysis

WEEKLY CHART

DAILY CHART

• Weekly Chart on closing basis may give support for bank nifty.
• Daily chart shows resistance at 11652 area. Closing above this level will give some strength for the bulls.
• But 20 DMA and 50 DMA may act as resistance level on its way up.
• TATA MOTORS CHART ANALYSIS
  
  

TATA MOTORS Chart analysis

• Daily chart shows the stock trending up above the 50 DMA. Stock had a dip below 50 DMA which lasted for a short time. So unless 50 DMA breaks convincingly this stock will remain in an uptrend.
• Weekly chart shows price converging between resistance and support lines. Pattern is showing more upsides for the stock. Larger corrections can be expected only if the trend line gets broken. For now price is respecting the trend line which is good for the bulls of tata motors.
• Breakout above1382 will continue this never ending uptrend.

NFLX Weekend update

• NFLX Daily charts shown with 50 day moving average trend lines and support and resistance levels.
• First chart shows the stock in a clear up trend above the 50 day moving average. The correction that is happening now will be a chance to get into this stock. Price will form a basing formation around 50 DMA before the next up move.
• Trend line in daily chart has given support for now. Important support levels for the stock are 178.5 and 170.80 levels. If price manages to stay above the trend line we will see the up move soon.
• Bulls should worry only if the trend line and 50 DMA gets broken. Weekly close below these levels will be negative.
• NFLX CORRECTION WAS FOLLOWED BY THE DARK CLOUD COVER PATTERN SHOWN IN THIS POST
  
  

CNX IT - Bull Flag Breakout

CHART-II

• BULL Flag has given a clean breakout.
• LINK TO THE POST

CHART - I SHOWN ON 27th NOVEMBER

QQQQ Triangle pattern

• QQQQ 30 minutes chart with triangle and selling zone.
• Breakout from triangle should close above the resistance zone (54.55 - 54.73).
• Breakdown should sustain below the 50 hour moving average to give good results for the bears.
• DOW JONES HOUR CHART ANALYSIS
  

SPY Hour chart analysis

• SPY Hour chart with today's GAP and 50 hour moving average.
• 124.02 is an important support. Hour closing below this level will be negative.
• Price is trading below 50 hour moving average. If price manages to get  back above 50 hour moving average the GAP may get filled.
• DOW JONES HOUR CHART ANALYSIS