Half Hourly Chart
- Bullish candle on higher volumes than the last few days.
- Closed above the 20 dema and the 5 & 10 dema are now bullishly aligned.
- Daily macd in buy since yesterday.
- As shown by the three elipses on half hourly chart we are at important resistance and only a move above it at 4951 will keep the bullishness alive.
- 50 dema resistance at 4975.
- Weakness below 4887 and strength above 4951.
- Important support at 4784.
Longs can continue with a stop of 4784.
Happy Trading !!