Daily Chart
Volatile day due to the news about polls.The close was below the green neckline adding to the bearishness.
The
trend is down and oscillators point to further weakness.Supports and
Resistance marked on the charts and fibonacci levels marked on half
hourly charts.
Half Hourly Chart
Half Hourly Chart
Inverted cup and handle formation broken down giving a target of
4890.This is very bearish as the uptrend may be put in danger if
achieved. Buying on dips may be deferred till some signs of reversing
the short term downtrend appear.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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