June 26, 2013

APPLE Support levels

  • Apple monthly chart shows price nearing 50% Fib level for the rise from 78 to 705 levels.
  • Weekly chart shows price near 200 Week SMA.
  • Daily chart shows a possible Double bottom formation if the low at 385 is held.

ES Resistance levels

  • ES Four hour chart shows price back to the support zone of the range.
  • Price is also nearing crucial fib levels.
  • Daily ichimoku cloud too may act as resistance for this up move.

TATA Motors triangle pattern


  • Tata Motors came back to close inside the triangle pattern after a false breakdown.
  • Price has to close outside this pattern for a bigger move to happen.
  • Price sustaining below 200 Day SMA and the cloud means weakness. 



SPY Support and Resistance levels



  • SPY 5 Minutes chart shows immediate support and resistance lines.
  • 30 Minutes chart shown with 50 period SMA.
  • Last chart shows price trying to stay above 23.6% Fib level. Weakness on price falling below this level.


June 25, 2013

GOOGLE Support levels

 
  • Google daily chart shows price near 50 Day SMA and 38.2% fib level.
  • 4 Hour chart shows price trying to hold above the cloud base. Closing below the cloud may extend the fall in Google.



ES Chart analysis

 
  • ES one hour chart shows price trying to sustain above 50 Hour SMA.
  • One hour cloud will act as stiff resistance. Price has to trade above the cloud of this time frame for turning the trend.
  • Fib levels shows price at 23.6% Fib level. Price must stay above this level to target 38.2% Fib level.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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BANK Nifty chart Analysis

  • Bank nifty weekly chart shows price nearing crucial support resistance level near 11050 - 11100
  • Bank nifty still in sell mode But weekly stochastic is fast approaching oversold zone which may give some relief for bulls.
  • Daily chart with 5 Day High EMA shows no pause or turnaround as price continues to move away from 5 DHEMA