Description
⋅ The Gap is present here from earlier
downside move.
If market wants to fill the Gap, price
must move to the range of 153-160.
For which Reversal signs near the lower
band of the channel must be looked for.
Forget the Gap if price breaches the Lower
Band of the channel.
Comment
⋅ Hammer is in place. Bears are weak as of now.
Comment
⋅ Bullish Engulfing Candle manifests. It almost engulfs last two sessions. Bulls seem to have taken over.