Turning Down
Our Pivot: 115.60
Our Preference: Start short selling below 106.10 and average it out till 111.60 with strict stop loss of 115.60 and profit target at 93.00 with extension towards 86.85.
Alternate Scenario: Upward penetration of 115.60 will call for 121.
NOTE: TRG is being capped by a strong resistant trend line on weekly chart.
Chart with supports & resistances:
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