Daily Chart I
- Bullish candle on high volumes taking support at trendline from November lows.
- Oscillators have taken support at levels which have proved turning points previously.
- Lower high lower low maintained.
- Third consecutive day of higher high higher low with huge white candle.
- Oscillators Rsi 14 and stochastics have turned up from oversold levels and the macd is moving up.
- On daily charts too, Oscillators have taken support at levels which have proved turning points previously.
- Crossed previous peak at 5029 thus turning the short term trend up.
- Crossed 61.8% retracement of fall from 5212.
- All emas are bullishly aligned except the 50 with the 200 ema.
Resistances are 5095-5167-5212.
Supports are at 5017-4965-4930-4880.
Happy Trading !!