Price is trending inside a downward channel. Right now price is testing the upper trend line. Unable to sustain it, may make the price to fall towards 17020, 16980,16920, 16840, 16780. If it breaks 16700 – 16740, then price will fall towards 16640, 16580, 16520.
!6700 – 16740 is a trend deciding level.
If price breaks the upper trend line, then it will move towards 17240, 17280, 17360, 17420 and 17480.
If the price breaks 16500 - 16540, it will move towards 16360,16280 and 16220.
!6700 – 16740 is a trend deciding level.
If price breaks the upper trend line, then it will move towards 17240, 17280, 17360, 17420 and 17480.
If the price breaks 16500 - 16540, it will move towards 16360,16280 and 16220.
Comment:
Fall from the resistance.
