The price has plummeted from its recent high of 184 and is now entering the Decisive Zone: 161.30 – 162.30. This area represents a critical structural floor that has held previous rallies.
Bullish Scenario (The Bounce): If the bank finds buyers at this level and manages to trade above 162.30, we could see a relief rally. The primary objective for a recovery move would be 173.75, filling the recent bearish gap.
Bearish Scenario (The Capitulation): If the stock fails to hold 161.30, the technical damage becomes severe. A break below this support confirms a lower-low structure on the 15M timeframe, exposing the stock to a deeper correction target of 151.60.
Bullish Scenario (The Bounce): If the bank finds buyers at this level and manages to trade above 162.30, we could see a relief rally. The primary objective for a recovery move would be 173.75, filling the recent bearish gap.
Bearish Scenario (The Capitulation): If the stock fails to hold 161.30, the technical damage becomes severe. A break below this support confirms a lower-low structure on the 15M timeframe, exposing the stock to a deeper correction target of 151.60.
Trade closed: target reached
Upper target hit
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Disclaimer
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.