Weekly Chart
Closed above the 40 wema and managed to peek out of the falling channel. Support at 1350 on this channel for the week.
Daily Chart
Broke out of the expanding pattern in a hurry.The bear flag has resistance at 1381 and the 76.4% fibonacci retracement of the fall from 1422 to 1266 stands at 1385 which would ,make those levels the next stiff resistance.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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