Weekly Chart
Daily Chart Showing Huge Negative Divergence
Weekly Chart
The negative divergence is quite marked indicating a fall may start. The Doji candle on weekly charts shows hesitation by bulls to carry on the upmove.
However, the earlier peak at 18114 was broken on the upside so only a trade below 18114-18096 would indicate further weakness and a potential double top forming at 18604.
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Happy Trading !!
Lakshmi Ramachandran
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