Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, May 13, 2019

Correction Should Continue

 Half Hourly Chart 

 H n S Target almost done and positive divergence showing on Half Hourly Charts so a mild pullback could happen if the gap support holds.

Half Hourly Chart

Daily Chart 

Oscillators on daily charts showing weakness but fast reaching oversold areas.11000 needs to hold to prevent a larger fall. 

Weekly Chart

 Weekly candle shows a good amount of bearishness supported by weak oscillators.
Trendline support @ 10695 as of May 31st and strong support at lows of 9951.

 Till Gap resistance at 11657-11712 is crossed bearishness will continue.

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Happy Trading !!

Lakshmi Ramachandran