Half Hourly Chart
- Weekly still bullish with sixth consecutive weekly rise.
- Volumes were low for the week.
- Breadth was negative.
- Maintained within the rising channel.
- Stochastics in overbought region, RSI moving in tandem with the Nifty, Macd in sell above zero line.
- Steep rising wedge which is a bearish pattern.
- Oscillators in overbought region.
- Rising wedge shown in red.
- Negative divergence on oscillators.
Continue longs with a strict stop around 5221-5214 level.
Happy Trading !!