Weekly chart has met with double resistance. Turning back and should get support at 5280-5320. If upside resumes, it should be resisted at 5540 if broken might test 5625 - 5670.
Daily Analysis:
Intermediate UP channel (blue) support got broken at 5370. Next support comes at LT UP channel at 5070 - 5110. If it turns up should get resisted at 5540 - 5580.
Hourly Analysis:
A new intermediate DOWN channel is formed. This has resisted it at 5358. If it breaks the LT UP channel should support at 5290 - 5300. If the support acts strong, immediate resistance is at 5400 - 5410 level.
Summary:
More of DOWN side than UP side expected. Pullbacks if any should get resisted at 5370 - 5410. DOWN side support comes first at 5300 and subsequently at 5070 - 5100.
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