EOD 17th July

We are trading with in the channel drawn  . Breakout above will be a buy , one has to wait for that.

Day TA ,, hour TA trend is down ...

Hour TF says

HH ema ( 5210)

34 Ema on 30 mins TF ( 5218) .

5ema (5200)

10ema(5208)

IF we break the black TL tomorow then idea of long gets thrashed . 5160/5140/5125 comes as next support.

 So UP it is , If we hold 5210 . Break out of falling TL ( green) with volumes .

And break of low today ( 5182-5180) takes us to support of 5160 and may be further down .

 I see +ve divergence in hour charts , prices have to confirm by breaking the channel top ( Green channel ) As seen in the above chart

For going Long :

As and when this 5-10 cross over takes place , my eyes will be on close above HHema and holding of close ema /Low ema on hour TF .