Daily Chart
A lower high lower low candle with a long lower shadow giving mixed signals. Volumes were very low indicating market participants are waiting for a clearer picture to emerge.This can happen only when the high of 11745 or low of 11245 is taken out to show further direction.
The rising wedge is still valid and so is the flag which is forming.Resistance and support on the flag is shown. If breaks out above it then the high of 11745 may be taken out and if breaks below it the rising wedge target may be achieved.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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