Short positions below 26.50 with targets at 24.72 & 23.66 in extension.
Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Consolidation |
---|---|
Change In Short Term View | Decline to Consolidation |
Medium Term View (Bullish, Range, Bearish) |
Bullish |
Change In Medium Term View | Range to Bullish |
Pivot: 26.50
Our preference: short positions below 26.50 with targets at 24.72 & 23.66 in extension.
Alternative scenario: above 26.50 look for further upside with 27.47 & 28.32 as targets.
Comment: as long as the resistance at 26.50 is not surpassed, the risk of the break below 24.72 remains high.
Supports and resistances:
While reasonable efforts have been taken to ensure that the calculations performed by the features of this site are reliable, the features are provided on the basis that:-