Key Resistance @ 16.79
Our Pivot: 16.79
Our Preference: Short sell below 16.54 with strict stop loss of 16.79 and target at 16.30 and 16.15.
Alternate Scenario: Upward penetration of 16.79 will call for 16.92 and 17.02.
NOTE: Moving in a bearish trend channel.
Chart with Supports and Resistances:
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