Turning Down
Our Pivot: 200.50
Our Preference: Start short selling MCB below 198.90 with strict stop loss of 200.50 and profit target at 193.
Alternate Scenario: Upward penetration of 200.50 will call for 203.
NOTE: MCB is being capped by two strong resistance at 198 from a resistant trend line and at 200 Rs by horizontal resistance respectively.
Daily Chart with Supports & Resistances:
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