Under Pressure
Our Pivot: 242
Our Preference: Short sell PSO below 237.60 with strict stop loss of 242 and profit target at 229.76 with extension towards 225.63.
Alternate Scenario: Upward penetration of 242 would call for 245 and 247.
NOTE: PSO is being capped by a horizontal resistance along with a descending trend line.
Chart with Supports and Resistances:
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