Weekly Chart
A second doji in a row.The trend seemed clearly down though the previous week's low was not violated.Negative divergences are intact on the oscillaotrs indicating a sideways to down movemnet in store for this week.
Daily Chart
A descending triangle seems to be forming which is bearish in nature.Support at 1397 should hold else could break below the uptrendline which has support at 1380.Oscillators too showing weakness.
A descending triangle seems to be forming which is bearish in nature.Support at 1397 should hold else could break below the uptrendline which has support at 1380.Oscillators too showing weakness.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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