It is been observed that the price action moving in a uptrending channel. Currently the price action has reached to the uptrend channel resistance, it will be interesting to watch from here on that the price action will break above the resistance or retraces back to the support levels of the channel.
The prices did retrace from the resistance levels indicating selling pressure. The price shall come down further tomorrow.
Trade closed: target reached:
Target of 331 reached today.
Today, the price action formed Lower highs (LH) indicating weakness. It shall go further down to 315 levels Stoploss 343