Half Hourly Chart
Daily Chart with Rising Wedge
This fast run up should have left the market breathless and one needs to be cautious . The daily Oscillators have moved up once again but Macd yet to give a buy. The rising wedge is threatening with resistance at 4737. Only a decisive break above the upper trendline of the wedge will negate the bearishness of the wedge. I have redrawn the neckline of the head and shoulder which I have been showing for sometime.
The half hourly oscillators have reached overbought levels. Tomorrow is the last day of the week and I will review further after studying the weekly candle. Meanwhile trade light with strict stop losses as the trend can change frequently when approaching the strong resistance of 4731.
Supports and Resistance levels marked on charts.
Happy Trading !!