Apple : One of the known  companies all over the world known for its quality products and this has been reflected on the chart as well.
Fundamentally the company is very strong.

But as we all say there is always a correction expected and we are expecting it to come in a few days.

Stock is trading at its 52 week high and at a higher level we have seen a shooting star and the next day we saw the closing below the star indicating negativeness.

While making a shooting star we saw a window as well which has been broken as well so the stock is trading near the support of the window.

Expecting the stock to retrace till 140 keeping a SL of 150. if the stock is not able to sustain 140 we can expect the stock to correct till 137 levels.

RSI : As the stock was in an uptrend the upper and lower band levels have changed and we have seen that performing well on the stock.

Rsi is showing divergence and pointing to downside supporting the price.

MACD : Macd is just above 0 and it has not been able to sustain above 4 for a long time. If we see a crossover at this level we can expect it to come back to 0 or below that.

Sell

Jul 19 2021

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