Downside Prevails
Our Pivot: 16.30
Our Preference: Short sell below 16.22 with strict stop loss of 16.30 and target at 16.00 and 15.85.
Alternate Scenario: Upward penetration of 16.30 will call for 16.40.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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