nifty reversal revealed by tweezers bottom in weekly

In the weekly candlestick chart, the lows are same, which is called tweezers bottom. This pattern is a reversal pattern.

nifty daily chart

As the MACD is just crossing the zero line by 12 day line, there is likely that market can touch 5300-5330 which was the up point boundary of the gapdown of 4th Aug 2011. And in view of RSI which is at 63.75 which is not yet overbought.

nifty likely to move upward

hourly chart