A lower high lower low for the month with the close much lower than the earlier month, making the downtrend decisive. Support at 5205.
Today's long upper shadow reiterates the dominant bearish trend. Watch the green upward sloping channel for more clarity.
Half Hourly Chart
Falling wedge forming with breakout levels around 5475 levels. If fails to breakout then could reach the earlier rising wedge target of 5136.
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