Daily Chart
Daily Chart II
Sideways, boring, lacklustre, still within the range 10946-10682 on extremely low volumes. The 50 and 200 dema are now almost at the same level at 10968-10975. Unless the resistance area of these two moving averages is crossed decisively chances of the downtrend resuming is high.
Chart II shows a pennant forming which is a continuation pattern and should break out on the upside. Resistance at 10878 and Support at 10752.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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