Weekly Chart
Lower high lower low formed confirming a downtrend is in place.
Holding the low will see the next leg of a flag formation which is a bullish pattern.Breakout from the pattern will see new highs.
Daily Chart
Daily Chart II
A lower high lower low made below the uptrendline from March 2020. This is a confirmation of a downtrend in place.
Gap at 16816-17063 will act as strong resistance.
Hourly Chart
Break above 16810 needed to get Bulls to be in the reckoning.
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Happy Trading !!
Lakshmi Ramachandran
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