Eagle Eye Analysis : NIFTY closing above the support trend lines

Eagle Eye Analysis :NIFTY closing above the support levels
For the week Nifty traded in a range of 46 points and Closing in green up by 0.6%. Once again on weekly chart nifty formed by Positive candlestick pattern Hammer.As well as on other side it has closing above the sloping resistance trend line subsequently turning to support (in blue) and rising trend line (in green).which indicates a potential short-term reaction up where the interim resistance is seen around 4960 follow by 5092. On lower side support is expected around 4865 follow by 4730 levels.To confirm the reversal of the current trend one can watch the nifty follow up by closing above 4960 for this week.
Please find attached chart for reference.

Note : Trade with stop loss.

Eagle Eye Analysis : Nifty finally close @ 4891.45 i.e.between the major support levels of 4900-4880

Eagle Eye Analysis : Nifty finally close @ 4891.45 i.e.between the major support levels of 4900-4880.
For the week Nifty finally close @ 4891.45 i.e.between the major support levels of 4900-4880 formed by Positive candlestick pattern Hammer. The previous sloping resistance trend line subsequently turning to support. As well as on other side rising trend line (in green) is acts as support, which indicates a potential short-term reaction up where the interim resistance is seen around 4960 follow by 5092. On lower side support is expected around 4730 levels.To confirm the reversal of the current trend one can watch the nifty follow up by closing above 4960 for this week.

Note :Trade with a stop loss only.

Eagle Eye Analysis : NIFTY wait and watch for weekly closing

Eagle Eye Analysis : NIFTY wait and watch for weekly closing

Fwd: Eagle Eye Analysis : GOLD daily chart Trading below the support levels

Currently Gold is trading below the support levels of 1578, the further down move is likely to continue where the next support expected around 1554 follow by 1522. For the reversal on higher side resistance is seen around 1605


----- Forwarded Message -----
From: eagleeyeanalysis
Sent: Tue, 8 May 2012 16:47:14 +0530 (IST)
Subject: Eagle Eye Analysis : GOLD daily chart Broken the support trend line.

GOLD @ 1627.44
Eagle Eye Analysis : GOLD daily chart Broken the support trend line.
The Down move is likely to continue where the next area of support seen around 1600-1578 levels. For the reversal on highere side resistance is seen around 1642.

Eagle Eye Analysis : ASIANPAINT Breaks Down Rising Channel

Eagle Eye Analysis : Breaks Down Rising Channel
The stock price of ASIANPAINT has form a rising channel. on 11th may it breaks down and close below the channel.A key support target immediately to the downside on this channel breakdown resides around 3460 -3400 levels, on higher side key resistance within the context of the current bearishness now resides around the 3690 level.
Note:Trade with stoploss

Eagle Eye Analysis : AMBUJACEM Daily: Upward breakout from sloping trend line.

AMBUJACEM Daily: Upward breakout from sloping trend line.
The stock price has formed a Piercing Candlestick Pattern during it downtrend follow by the upward breakout from the slopping trend line which indicate a reversal of the current trend.In weekly chart the stock has hold the support of rising trend line.
IF stock price sustain above the support trend line the up move is likely to continue where the next area of resistance is seen around 158-163 levels ,on lower side major support seen around 141 and 138 levels.

Eagle Eye Analysis :GoldBees broken the rising trend line with support of good volumes.

GoldBees broken the rising trend line with support of good volumes.If its sustain below the support trend line then the down move will continue where the next area of support is seen around 2665 follow by 2638 (i.e 200sma). For the reversal on higher side resistance seen around 2765.

Trade With Stop Loss.

Eagle Eye Analysis : GOLD daily chart Broken the support trend line.

GOLD @ 1627.44
Eagle Eye Analysis : GOLD daily chart Broken the support trend line.
The Down move is likely to continue where the next area of support seen around 1600-1578 levels. For the reversal on highere side resistance is seen around 1642.

Eagle Eye Analysis : EURUSD daily chart Break the support trend line.

EURUSD @ 1.3020
Eagle Eye Analysis : EURUSD daily chart Break the support trend line.
The down move is likely to continue where the next area of support expected around 1.2880 follow by 1.2765. For the reversal on higher side, the resistance seen around 1.3100.

Eagle Eye Technical Analysis : NIFTY and BANKNIFTY

Eagle Eye Technical Analysis : NIFTY and BANKNIFTY
NIFTY : To continue upmove nifty should sustain above the interim resistance levels of 5188-5220.
BANKNIFTY :To continue upmove banknifty should sustain above the interim resistance levels of 10150-10200
Note: Trade with stoploss only.

Eagle Eye Analysis : NIFTY and BANKNIFTY

Eagle Eye Analysis : NIFTY and BANKNIFTY

NIFTY : Major support around 5050-5000
Previous resistance will act as support now.

BANKNIFTY Major support around 9520-9450
Previous resistance will act as support now.