![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRZy54MzZXOzJM_SgrxNyz8CvvLwyMGcG-41KrojgPpFTWyELtzNxob8oc6MGT7memWLNTIS9xpX8fT-hz5ayxh9-CfXVhYWNllUrEUkARIL1K0nCdHMxelShJQrBGzFlTdOy2YOAFw1U/s400/Week.jpg)
The reversal has happened, halfway-support at 5160 - 5200. Further support at LT UP channel at 5020 - 5070. Int UP channel resistance 5500 - 5540.
Daily Analysis:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEja3I1Yh44ttAXuw8fuw1Bg5VwIBdfD1eo-LTwAsMIo7mIzcBRHaN7eyKliuLZlfFmqwUbXg3XRA10qeeC_8GWsBDf3rv4FbDmNBqjVPuPCCxgXifxmCt9jYpDnDVIw5a0nfTezigNeW-0/s400/Day.jpg)
The reversal has happened, halfway support at 5150 - 5190. LT UP Channel support 5020 - 5070. Intermediate UP channel resistance at 5410 - 5450.
Hourly Analysis:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmSBBM4mpNnnRFWp89KxRCqsOqAD0T6b4qyd3li61oflfTlT2fRADtMRB7a2Hu1Ag9CGgGxzTAtiapG5nklTNrMb-efy0FfDb8eHVxKr0mj4qBuRirzYSmPw_d8J9J0ir806ygdcTNJsw/s400/Hour.jpg)
A bullish flag with Lower High and Low is formed. Ideally, they should break-out of this on upside. However, breaking the channel support at 5250 should violate it. Further support expected at Int / New UP channel support at 5160 - 5180. UP side target at flag base with 10 columns. So target comes at 5259 + 5*30 = 5409.