Explanation on the chart.

The price seems to be rejecting lower levels very sharply and seems to be consolidating above the 200MA on the 1 hour chart. 1900 is also a psychological level that is acting as a good support over the last couple of sessions.

I would consider the current price to be a good entry point on the stock with a medium term perspective and the price could re-test 2,000 soon.

These are my personal views and I reserve the right to be wrong. Please trade with appropriate risk management.

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