Daily Chart
The gap up open could not be sustained showing selling at higher levels.The candle formed is a hanging man which is bearish.Appearing at the strong resistance of 5399-5450 makes the appearance more bearish.Rsi14 shows negative divergence as it has not scaled it's earlier high.
Stop loss of 5325 on longs.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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