It is been observed on the daily chart that the price action breaks and closes above the downward trending line, indicating a bullish move ahead. On the chart, point X and Point A marked to calculate 61.8 retracement target.
It is been observed on daily chart that the price action is making lower highs and lower lows, indicating a bearish trend. Now, it shall further move down to the next support levels at around 81000-80300 levels.
Risk Reward: 1:1