Daily Chart
Dangerous doji at neckline resistance trying to scare away the bulls. The doji stands for indecision . To be seen whether the bulls give up or successfully break above the neckline. Moving averages are giving bullish crossovers -- 10dema > 20, 50 and 200 dema , and the 20 dema > 50 dema implying the bulls are gaining strength.
The doji at neckline resistance is a caution to the bulls.Wait for a decisive closing above this resistance to get short term bullish.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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