Stock Market Chart Analysis

February 27, 2013

Blackberry near 50% Fib level.
Daily chart is also near 100 Day SMA and Testing Daily Ichimoku cloud.
Up trend line from 6.19 levels is also near 100 Day SMA Which is likely to be held for an up move to start.

First chart shows hour chart with the recent fall from 78.6% Fib level
Second chart shows resistance levels for the current up move with 200 Hour SMA near Golden ratio.
Last chart shows same fib levels shown in second chart but with 4 Hour time along with Ichimoku cloud. Confluence of resistance at 4 Hour cloud the Golden ratio and 200 Hour SMA may try to stop bulls from making a bigger up move.

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PCLN Bouncing from 50 Day SMA.
Second chart shows a rounding bottom kind of price action which has immediate resistance at 721 levels.
For a complete reversal towards 775 price has to trade above 721 and 78.6% Fib level.

SILVER Daily MACD is Aligning for a bounce towards the resistance line shown in the chart.
But bulls of slv is approaching resistance levels in 38.2% Fib level and previous support level which may also act as resistance.
Unable to stay above 23.6% Fib level may lead to a retest of the recent lows again.

First chart shows apple daily trying to stay above 78.6% fib level
second chart shows crucial support levels in 442 and 435. Weakness on trading below these levels.
Strength on trading and day closing above 20 Day SMA.

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DAILY FIBS

HOURLY FIBS

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Bank nifty falling from a head and shoulders pattern.
2nd chart shows a possible support level.
Last chart shows price moving towards the rising support line from 9110. For price to test the support line fall has to be deeper, BN has to fall another 400 points to reach the support line.
HINDALCO CHART ANALYSIS

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