Downside Prevails
Our Pivot: 16.55
Our Preference: Short sell below 16.45 with strict stop loss of 16.67 and target at 16.24 and 16.16.
Alternate Scenario: Upward penetration of 16.55 will call for 16.67.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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