4980 and 4883 are two line of defense for bulls. Buying at Lower level is suggested.
Towards upside bulls can target 5100-5140-5220 levels and towards downside 4980-4900 -4840
would be support.Momentum to remain bullish once 4900 is protected.
Trend/Momentum : Daily chart is Over bought whereas Weekly chart remain bullish.Buy on bllish reversal on daily timeframe.
Pattern : Impulsive 5 wave pattern . Wave 3 is in progress.
Position: Price cluster exit at 5100 and 5220.
Action : Profit booking and Holding minimum long position.
Towards upside bulls can target 5100-5140-5220 levels and towards downside 4980-4900 -4840
would be support.Momentum to remain bullish once 4900 is protected.
Trend/Momentum : Daily chart is Over bought whereas Weekly chart remain bullish.Buy on bllish reversal on daily timeframe.
Pattern : Impulsive 5 wave pattern . Wave 3 is in progress.
Position: Price cluster exit at 5100 and 5220.
Action : Profit booking and Holding minimum long position.
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