Expecting a fall to 120-130 zone. This zone will act as a barrier band. Expect reversal from 120-130 levels. If it breaks this band of 120-130, we can see 100 levels. But there is a less chance to break 120-130.
Weekly chart - 5 years. Stock unlikely to break the band of 170-185. Now the next level to watch is 230-240 when the stock rises. It is difficult to cross once reached. If crosses the barrier band of 230-240, it will head towards 300 quickly. This may take 6 months to 1 year or more.
The chart is of Gold ETF of UTI, India. at the moment, moving in a downward wedge. We have a high chance for price to go to 2670 levels which is also where green trend line will support it. We may get a reversal from that level.