Walgreen Co (WAG) has signaled an exit on the break of important support at 48.  Resistance is seen at 48, 46.7 & 45, whereas critical support is at 40 breaking which the stock might see much lower levels. We also derive from the charts that WAG is a highly volatile stock which tends to break important supports and as well as resistances frequently. But having said that, the stock still looks to be downwards but any quick reversals are not to be ruled out.

Supports – 40

Resistances – 48, 46.7, 45

Bharat Forge topped out in early 2011 & has remained in a largely bearish phase, until now. The stock has formed a large base and is showing signs of maybe turning bullish. The entry pivot, as of now, is at 244.5 & on breaching this resistance the stock will move higher. Major resistance above this lies at 283 & on crossing this significantly we might see much higher prices on the stock. Stop loss may be placed at 206.5. If the stock slips further from here without a move up & with no breach of 244.5, these pivots will change drastically and we will have to wait it out for the stock to develop a bullish bias again. But for now the stock does look stable & if an up-move begins it will only be at the pivots as mentioned above.

Supports – 206.5
Resistances – 244.5, 283

Apple Computer (AAPL) topped out reaching $700 in September 2012 & is now at almost half its highest price. Looking at the chart now, we’re able to see the stock has entered into a base forming zone since May 2013. Within this area the stock might slip further, stabilize and form a base or quickly reverse providing a medium term investment opportunity or maybe even do a complete reversal, this is all very unsure as of now. But what we know for sure is that this is a candidate of interest i.e. place it in your watch-list now and watch for a future opportunity to arise because the stock shows signs of entering a base formation stage.

After topping out it broke through 535.5 which was a critical support. Further the stock broke another critical support at 455 recently, hence maintaining its downward trend. Support levels if prices fall further are at 385 & a very strong support is seen at 240. Critical resistances are at 455 & 535.5, important but lighter resistances are seen at 483.5, 502 & a very strong resistance if prices rally up suddenly is seen at 590. A buying possibility has not developed yet in the stock, but it is on our watch list and might be an interesting stock to enter if and when it turns around.

Supports – 385, 240
Resistances – 455, 483.5, 502, 535.5 & 590

The USD/INR currency pair remained sideways for the last 12 months. Within this sideways zone, from April to May, it attempted to begin a new down trend but failed to breach the critical support at 53 & bounced back from 53.5 to signal a new up-trend.

The new upward move began at a close above 54.95 in the month of May. Important resistances at 56.9 & 58.5 have been breached successfully & quickly. Since the up-move has been quick without any consolidation so far, the stop-loss for this move still remains at 53 but we’ll see this changing rapidly over the coming weeks. The pair is in an upward trend with supports at previously breached resistances & as listed below.

Supports – 56.9, 55.45, 53
Resistance – 58.5

We might see a little consolidation over the coming weeks & then again a continuation of the uptrend.