Weekly Chart
The redrawn trendline from March 2009 lows has once again been broken.The support line of the red channel however was held increasing chances of another leg up to the resistance line of the red channel.
Daily Chart
Daily Chart II
The daily charts show a descending broadening wedge which has a fair chance of breaking out on the upside. Positive divergence in the OBV, Rsi14 and Macd supports this view.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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