Half Hourly Chart
- Inside day on the daily charts showing indecision.
- Flag formation on half hourly charts indicating breakout may be on the upside.
- Half hourly oscillators moving down towards the oversold region after showing negative divergence.
- Daily stochastics in sell in overbought region and Rsi14 weakening before reaching overbought state.
Tomorrow's direction will be set by break of the inside day range of 5147-5092. Above 5147 expect 5180 and below 5092 expect 5050. Enter new longs only on dips or breakout from the flag formation.
Stop loss would be 5070-5050 range.Longs with a slightly longer term view could place their stops at a close below the up trendline from 4675.
Happy Trading !!