Half Hourly Chart
- An outside day with a higher high and lower low.The candle is also a bearish engulfing one which makes it all the more bearish.
- Close below the 23.6 % fibo level of the fall from 5131 for the fourth day.
- The red trendline finally succumbed to bear pressure.
- Daily oscillators are oversold . Half hourly oscillators are weakening and stochastics has reached oversold zone.
- Bear flag formation on half hourly charts.
Resistances and Supports marked on charts.
Till the low of 4766 is violated chances of the upmove continuing are open.
Happy Trading !!