Sensex - Weekly review Dec 8 to Dec 12

306
The price has reached the target of the rounding bottom pattern. And it is near the support zone 85500. Next nearby resistance is at 86000 - 86100.
Buy above 85620 with the stop loss of 85500 for the targets 85740, 85860, 85980, 86100, 86260, 86340 and 86480.
Sell below 85400 with the stop loss of 85540 for the targets 85280, 85140, 85020, 84880, 84740 and 84580.
Double top resistance is seen at the 86150 zone. Profit booking can happen at that level.
Always do your analysis before taking any trade.
Note
Support is getting tested. Bearish, less trend strength. snapshot

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