It is been observed that the price action on daily chart, firstly breakout from a downtrending channel, indicating bullishness. It did go up and now it is facing a high selling pressure at the resistance between 205-210 levels, which may correct the price action to 195 levels where again a heavy buying can been seen.
Target: 195
Stoploss: 211
Target: 195
Stoploss: 211
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Target reached successfully.
It did get high selling pressure as indicated by long wick of high price rejection. Regards.
It did get high selling pressure as indicated by long wick of high price rejection. Regards.
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