Two bullish scenarios based on previous price action. More probable red, and less probable blue. We are in oversold areas on daily RSI, on weekly JSW currently struggles with 200 W EMA - that is a really strong resistance. Once that is broken with confirmation I am switching from bear to bull. For now neutral post as situation is yet unclear.
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Quick Update: since I recently analyzed CRM the 200 W EMA refers to it - my mistake.
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Here's weekly. We're above 100 W EMA. The yellow circular areas suggest price retracement to this strong support (green).
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Target reached - anticipated red scenario turned out (more-less) as expected.
