Broadening formation’ pattern support may be threatened as both the trend strength indicators - Tradebulls Securities
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‘Broadening formation’ pattern support may be threatened as both the trend strength indicators are showing further signs of weakness. The convergence of short term averages at 18000 also confirms the same as revival if would require a validation close above 18030 form hereon. Key support for the week stands at 17250 (Weekly Channel Support) which may emerge as an ideal zone for buying the pullback. Short term traders should adhere to long short opportunities until a clear bullish reversal pattern signs occur.
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