Daily Chart
The stalemate continues.The pennant formation since the last week points to a continuation of the short term uptrend.The 5 dema has successfully crossed the 20 and 50 dema bullishly.
Half Hourly Chart
Double top at 5169-5160 or double bottom at 4720-4728? The stalemate continues to puzzle.The pennant shows somepromise of an upward breakout but one can never say till it really does so.A break of 5011-5050 levels will turn the tables on the bulls.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
No comments:
Post a Comment