NIFTY A Bear Flag with Low Volume

• Nifty Weekly chart is hitting an important trend line. Price has bounced many times from this trend line as shown in the First chart. Most Important Thing is that this is a line chart So price can violate the trend line and still comeback to close above the trend line on Friday that is the last day of the week. 
• Then the much discussed bear flag has given a breakdown. But on seeing the volume the validity of the breakdown has to be questioned. Look at the volumes, one of the lowest volume day's for the current series so one has to manage their short position carefully.
• DOW JONES DAILY CHART ANALYSIS