Hello & welcome to this analysis

It has been an underperformer for the last 4 years and has still not shown any clear sign of reversal except for going sideways in lower time frame due to being over-sold.

2250 is a crucial support, failure to hold could lead to further down side till 2100-1950. While short covering could come in earliest above 2275 with resistance lined up at 2300-2350-2450

Happy Investing

Webinar recordings available

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.