- The resistance line shown in 5 minutes chart is also a possible neck line of a small inverted head and shoulders pattern.
- If 5309 is taken out by bears then the balance of power will shift towards bears and they will get stronger if day low(5263) breaks again.
- Breaking above the resistance line and closing above this line may confirm a short term bottom for nifty futures.
- RCOM DESCENDING TRIANGLE
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