Downside Prevails
Our Pivot: 16.46
Our Preference: Short sell below 16.35 with strict stop loss of 16.46 and target at 16.22 and 16.18.
Alternate Scenario: Upward penetration of 16.46 will call for 16.55.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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