Weekly Chart
Daily Chart
The pink rising channel on daily charts was broken decisively and the weekly charts formed a shooting star both of which point towards a pullback.The negative divergences on Obv and oscillators on daily charts have been signalling the same since a few days.
The tiny rising wedge on daily charts was broken intraday but close managed to be just within it.A trade above 5399 is required to avoid breaking it.5345 is support on the downtrendline from November 2010 highs joining February 2012 highs.A break below this will accelerate the downtrend.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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