OBSRVATIONS;
2 CHARTS ARE ATTACHED.
POSITIVE:
HIGHER LOW HIGHER HIGH SEEN FIRST TIME AFTER CORRECTING FROM TOP IN DAILY CHARTS.
INVERSE HEAD N SHOULDER PATTERN WITH NECK LINE AROUND 16971/17000 ZONE
NEGATIVE:
STRONG RESISTANCE IN MONTHLY CHART
100 EMA TESTED TODAY . INABILITY TO CROSS SAME WILL START DOWN WARD MOVES AGAIN.
50% RETRACEMENT OF FALL FROM TOP OF 18048 TO 15960 CLEARED AT 17004 ,61.8% AT 17250.
TREND LINE IN DAILY CHARTS GIVE STRONG RESISTANCE AT 17400/5200 ZONE.
STRETEGY:
KEEP STRICT STOP LOSS OF 16544/4961 FOR ALL LONG POSITIONS.
