Downside Prevails
Our Pivot: 16.60
Our Preference: Short sell below 16.50 with strict stop loss of 16.60 and target at 16.30 and 16.20.
Alternate Scenario: Upward penetration of 16.60 will call for 16.75.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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