Weekly target 5180 reached, the channel target (refer the chart below).
Weekly Analysis:
Daily Analysis:
Summary:
Weekly UP. Daily UP. However, a channel top, 78% retracement, 4.23% price extension - suggesting an immediate top. This pullback from the top should be resisted near 4980 level.
Note: The new p_fchart_free.xls is available in the DOWNLOAD LINK section with much more flexibility of creating P&F charts (refer previsous post for details).
