Daily Chart
Half Hourly Chart
Second day of correction resisting once again at the upper trendline shown on half hourly charts, forming an outside day closing yesterday's gap. This is bearish.Volumes were higher than average. Breadth was negative after a week of positive breadth. The rally since 5721 has had a maximum of 2 days correction. If the correction continues tomorrow the rally may be in danger.OBV continues in negative divergence.
Half Hourly Chart shows a decending triangle which is bearish having support at 6124. Break of support will target 6070.
Resistance is at 6177-6181-6215 and Support at 6124-6066.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
No comments:
Post a Comment