Downside Prevails
Our Pivot: 16.57
Our Preference: Short sell below 16.50 with strict stop loss of 16.57 and target at 16.38 and 16.30.
Alternate Scenario: Upward penetration of 16.57 will call for 16.65.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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