Daily Chart II
Construction problems ! Of the bearish right shoulder due to opposition by bulls who managed to wrestle control today. Chart II shows a falling wedge supporting the bull camp which was broken on the upside giving a bullish signal and a target of 5836.A trade above 5610 and scaling of the Inside pattern high of 5654 needs to be overcome for further bullishness.Right shoulder construction still in contention.
Half Hourly Chart
Concerted efforts required to scale the resistances marked. Till 5654 is crossed short term trend remains unclear.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!