Importance of 5605

 Half Hourly Chart

As pointed out earlier in my post on 7th July,  the 5605 levels is the trend decider ( https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgks2nYoBWYvOHoQZ_ap5NY7Js6Jx7N1oHBHsM1sT4bB-LxgRT4DP-z75__vJPpOzTo31ZlmQ_9wfK3RJMNRU7Wt28RQivQe3zuzdWMz_Ix-_N9FFTlhcu3JjgBLi5OjJXE86L_jZ28GuE/s1600/dly2.png ). The 23.6% fibo level of recent rise also falls areound that level at 5612. Recent consolidation too taken place at that level as seen on the chart above.

Stops just a little below this level will be prudent



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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com