Daily Chart
Lacklustre movement on extremely low volumes.The right shoulder still forming. Resistance at 5550 as shown on the chart and 50dema -5567 and 200 dema -5600.
Daily Chart II
Half Hourly Chart
The diamond pattern broke out on the downside but bears have not capitalised on it. Meanwhile sighted a pennant which is a consolidation pattern. An upward breakout therefore is more likely in this case. Resistance marked on charts. Crossroads once again.Trade in the direction of breakout.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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