Descending triangle formation.
Faced resistance as per trend line.
Reds on volume chart are significantly more than greens with better volumes indicating selling.
May provide 2 targets if breakout happens.
Target 1 - 254
Target 2 - 225 only if breakout occurs. Please wait for confirmation before breakout else could be trapped in a false breakout.
a. Zone: Strong Bull
b. Resistance 1: 259.7
c. Resistance 2: 264.60
d. Support 1: 230.30(Double Bottom Bullish Pattern)
e. Support 2: 225.40(Double Bottom Bullish Pattern)
a. Zone: Moderate Bear
b. Resistance 1: 267.50
c. Resistance 2: 312.10
d. Support 1: 222.90
e. Support 2: 163.45
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