Downside Prevails
Our Pivot: 179
Our Preference: Start short selling SEARL between 174-175 with strict stop loss of 179 and profit target at 166 with extension towards 163.
Alternate Scenario: Upward penetration of 179 will call for 184 and 187.
NOTE: SEARL have given breakout of its daily triangle in downward direction and now it's expected that it would try to expand that inside a bearish channel.
Daily Chart with Supports & Resistances:
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