Turning Down
Our Pivot: 45.70
Our Preference: Short sell below 45.25 with strict stop loss of 45.70 and profit target at 44.60 with extension towards 44.00 and 43.65.
Alternate Scenario: Upward penetration of 45.70 will call for 46.30.
NOTE: Hourly momentum indicators have changed their direction towards bearish side and expansion of its previous triangle have been completed.
Chart with supports & resistances:
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