Downside Prevails
Our Pivot: 16.37
Our Preference: Short sell below 16.30 with strict stop loss of 16.37 and target at 16.10 and 16.00.
Alternate Scenario: Upward penetration of 16.37 will call for 16.50.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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