Key Resistance @ 16.53
Our Pivot: 16.65
Our Preference: Short sell below 16.53 with strict stop loss of 16.65 and target at 16.31 and 16.25.
Alternate Scenario: Upward penetration of 16.65 will call for 16.77.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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