BORORENEW can we see reversal??
BORORENEWBORORENEWTime Frame – Weekly
Observations:-
* Taking trendline support & EMA band support
* If break the trendline and closed above daily 200 SMA then reversal may confirm
* Before major breakout Consolidation & Range formation expected b/w 835 - 510 range
* Trading below weekly 21 EMA & MA and daily 200 SMA
* 530 to 480 good support range
Resistance – 750 / 833.95 / 1063 / 1375
Support – Trendline support & 530-480 range
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