Daily Chart
Yesterday's candle continued withe the fall making a lower high and low
closing below the green neckline.Not much change to the technicals.
Half Hourly Chart
The fall below the red neckline continued and the neckline proved good
resistance too.Now resistance at 5238-5232.If stays below this then we
have a target of 4890.If breaks above it then possibility of the flag
breaking out brightens.Resistance at 5335-5311.
Oscillators on half hourly charts showing positive divergence.So a pullback may be due.
Oscillators on half hourly charts showing positive divergence.So a pullback may be due.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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