Daily Chart
The green trendline proved good resistance and a hanging man was formed, which is bearish.Also an outside day was formed ( though the high was very marginally higher) which is a one day reversal pattern. Extreme overbought status of the stochastics supports a correction. The pullback if any could be a right shoulder of a potential inverse head and shoulder pattern with the green neckline.
Supports at 1330-1321-1309.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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