Under Pressure
Our Pivot: 49.36
Our Preference: Short sell below 49.00 with strict stop loss of 49.36 and target at 46.60 and 49.27.
Alternate Scenario: Upward penetration of 49.36 will call for 49.80 and 50.16.
NOTE: Moving in a bearish trend channel.
Chart with Supports and Resistances:
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