A doji on weekly charts at key resistance as the downtrendline from 6338 and the uptrendline from March 2009 proved resistance once again.This shows a loss of momentum in the existing uptrend.This was the eighth week below the uptrendline from March 2009 which now offers resistance at 5752.
Weekly Chart II
Redrawn trendllines to encompass recent price highs and lows in chart II. Trade above 5766 required to invalidate the bearishness.
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