Daily Chart
The yo yo in the 460 point range continued. The huge bullish candle of 13th was almost entirely retraced.As mentioned in my earlier post the right shoulder of the potential inverse head and shoulder pattern with the red neckline around 11912 could be forming.
Range break on the downside could give a move of around 460 points which could find support at the 200 dema.If breaks on the upside then it would also be a break from the neckline of the potential inverse head and shoulder pattern with a move of around 2000 points!
Till the range breaks trade light.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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