Lets a have a quick look on nifty weekly chart with 5EMA(low-high) + 13 EMA.
study suggests supports around 5 EMA low(4159) and 13 EMA(4105).Below
that next level of support comes near 34 EMA(weekly) around 3716(not shown here)
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Also 5 EMA(low-high) study indicates a range bound movement with breakout above 4456 and support
breakdown below 4105 with possible rangebound between 4105-4456
Source:
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