Turning Down
Our Pivot: 170
Our Preference: Start short selling PSO below 159.30 and average it out till 164 with strict stop loss of 170 and profit target at 147 with extension towards 141.
Alternate Scenario: Upward penetration of 170 will call for 174 & 177.
NOTE: PSO have completed 50% correction of its last bearish rally and right its being capped by a strong resistant region.
Weekly Chart with Supports and Resistances:
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