Under Pressure
Our Pivot: 260
Our Preference: Short sell below 254 and average it out till 257.75 with strict stop loss of 260 and profit target at 246.50 with extension towards 240.
Alternate Scenario: Upward penetration of 260 will call for 263 and 267.
NOTE: SEARL is moving in bearish price channel and right now its being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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