Key Resistance @ 16.57
Our Pivot: 16.57
Our Preference: Short sell below 16.40 with strict stop loss of 16.57 and target at 16.15 and 15.98.
Alternate Scenario: Upward penetration of 16.57 will call for 16.79 and 16.92.
NOTE: Moving in a bearish trend channel.
Chart with Supports and Resistances:
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