April 15, 2013

APPLE Head and Shoulders pattern

 
  • Apple 4 Hour chart shows  a possible head and shoulders pattern.
  • Recent Bounce could not move past 38.2% Fib level and 50 Period SMA of 4 Hour time frame. Hope for bulls only if price break above these levels.
  • GOLD RANGE BREAKDOWN TARGET
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ES Chart analysis

 
  • ES nearing crucial support levels.
  • A bigger breakdown too looks possible. Daily candle closing below 20 SMA or Middle bollinger band may extend the fall further.


SILVER Chart update

  • Silver weekly chart shows a bearish Descending triangle breakdown. 
  • Hope for silver bulls is the Golden ratio shown in monthly chart. If price forms a basing formation here we may see an up move,
  • Oversold up moves if happens will find it tough to cross the broken 200 Week SMA. This level shown in last chart will act as stiff resistance for now.
  • GOLD CHART UPDATE
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GOLD Chart update

  • First chart of gold shows the target for the range brakdown
  • Second chart shows price breaking 200 Week SMA. Sustaining below it will be bad news for Gold bulls.
  • Price has broken below 38.2% Fib level, Sustaining below it may target 50% Fib level
  • GOOGLE WEEKEND UPDATE
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BANK NIFTY Chart analysis


  • Bank nifty first chart shows a possible bullish breakout. But price is near serious resistance levels. For the breakout to sustain price must close above 200 Day SMA. and the recent swing low of 11590.
  • Price has managed to close above 23.6% Fib level. If it does not sustain above this level we may see a fall again.
  • INFOSYS WEEKEND UPDATE
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