Key Resistance @ 49.45
Our Pivot: 49.45
Our Preference: Short sell below 49.08 with strict stop loss of 49.45 and target at 48.60 and 48.30.
Alternate Scenario: Upward penetration of 49.45 will call for 50.61.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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