Bearish candle with a gap down resisting once again at the red trendline.The movemnet since the top on 4th March at 5608 is sideways with a slightly downward bias resulting in a downward trending channel.the 5 dema has bearishly crossed the 10 and 20 dema and the 50 and 200 dema continue to move downwards.
Half Hourly Chart
Stalemate continues within the double bottom -- 5177-5232-- and the double top --5599-5608--. Till we have a decisive breakout , expect a lack lustre sideways movement creating whipsaws.
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