Recap:
Though price is still hovering around 5600, but it has broken the level.
Weekly Analysis:
Daily Analysis:
Summary:
Weekly under BrRL (5700) & Daily over BlSL (5580).
But a double-bottom breakdown below 5620 in weekly chart has set some momentum downwards (unless it's a fake-out). Daily pull-back should not cross 5670 level. Weekly support of BlSL with rangebound movement should come @5450 else @5350.
However, so far there is no threat towards the uptrend that has been set in since 4820 in mid-May.
pls update your view for medium and long term
ReplyDelete