Short setup created by close near Bollinger upper band followed by bearish candle and price rejection at 152.7 zone. Provides a nice opportunity to short for a target of 143 in the coming week. Conservative traders can take part profits around 149 and 145 mark. Enter Short positions around 152.5 mark.
Formed a bull flag almost 10 days back. But couldn't sustain above the flag. Turned bearish for a week and reversed. managed to find support at the recent swing low.
Buy above 688 for tgt 708. SL 684.9.