Daily Chart
Half Hourly Chart
Today was a day of correction as indicated by the half hourly charts
yesterday.Taken support around the 40% retracement level. A close above
5500 will resume the uptrend.
The half hourly chart below shows an
Inverse Head and Shoulder pattern forming.Resistance at neckline is at
5509-5513 for tomorrow.
5304-5220 is the gap made on 9th March 2012.5242 is the support on the
newly drawn uptrendline on daily charts. This support zone should
provide good support a.Only a break below 5171 will put the uptrend in
danger.Resistance levels shown in green on half hourly chart.
Half Hourly Chart
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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