Weekly Chart
Good followup bullish candle on good volumes.Oscillators supporting the upmove.The uptrendline from October 2008 lows has proved resistance once again.The lower high lower low formation still intact keeping the trend down, yet
Daily Chart
Rising wedge formed in the recent rally. Three dojis formed in a row showing extreme indecision.Stochastics in overbought region.4930-4965-5100 strong resistance area.Caution on longs.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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