Daily Chart
Half hourly Chart
Upward breakout from the triangle shown in yesterday's post has given the upward direction. Resisted at the previous top of 5747 and the 23.6% retracement level of fall from 6181. Trade above 5747-5732 tomorrow will likely have a bullish follow up.A higher high higher low formation visible on the half hourly charts seconds this view.A move upto 5870 is possible if stays above 5747.
Resistance is at 5747-5794-5836. Support is at 5721-5676-5624.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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