Downside Prevails
Our Pivot: 122.40
Our Preference: Short Sell below 113.60 and average it out till 117 with strict stop loss of 122.40 and target at 102.00 and 96.80.
Alternate Scenario: Upward penetration of 122.40 will call for 127.00.
NOTE: ISL is capped by a resistant trend line and its also capped by horizontal line at its weekly double top.
Chart with Supports and Resistances:
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