CHART-II(UPDATED)
- Falling wedge which was discussed below has given the breakout But price is pausing near the resistance level. Any up move from here will happen only if price break above 1333 level.
CHART-I
- Falling wedges is a bullish pattern
- But if price stays below 50 period moving average things will favor bears.
- Staying above 1327 will favor bulls for an up move.
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