Weekly chart above shows a formation of a triangle.
Currently resistance formed due to triangle is around 5400 and 4900.
This range will help us to indicate a long term range.
MACD is making Lower Low(LL) and Lower High(LH) from july 2009, and till the trendline is not breached... upside movement will lack sustainability
Currently resistance formed due to triangle is around 5400 and 4900.
This range will help us to indicate a long term range.
MACD is making Lower Low(LL) and Lower High(LH) from july 2009, and till the trendline is not breached... upside movement will lack sustainability
Now daily chart shows a resistance at 5300 and 5440 using Fibonacci Ratio.
55SMA and 200SMA are around 5100 indicating strong support.
Support at for short term can be seen at 5200 and 5100 level.
55SMA and 200SMA are around 5100 indicating strong support.
Support at for short term can be seen at 5200 and 5100 level.
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