Closing hour on Friday saw a downslide which may continue after a brief bounce-up in the morning:
The chart posted above is a 5minute chart which is trying to trace and label micro-waves.
Thus initially a range of 5880-5930 is expected and then a downslide (if not today,then tomorrow)---- and the extent of that downslide would be the real guide of things to follow.If we fall below 5838 then,chances of a larger downslide would be brighter.
A few more charts on Hour T/F to illustrate probable supports & resistances:
Thus initially a range of 5880-5930 is expected and then a downslide (if not today,then tomorrow)---- and the extent of that downslide would be the real guide of things to follow.If we fall below 5838 then,chances of a larger downslide would be brighter.
A few more charts on Hour T/F to illustrate probable supports & resistances:
5 min charts:
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