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
Trade active
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Trade closed: target reached
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Target reached successfully. It did get high selling pressure as indicated by long wick of high price rejection. Regards.