Just a few weeks back, we spotted the breakdown of the key 0.75 level after some sideways consolidation and …
Sellers were gaining back control…..
There were some downside targets drawn too with the downtrend likely to continue…
See what was sent….
Over the past 2 weeks, we have seen the support at 0.70 break down as well and downside targets reiterated…
We have seen Valuetronics hitting our lower target at 0.600 few days back and some short covering happening…
May consolidate from 0.60 to 0.65 for now before more directions…
Would be good to protect shorts too near 0.600….
See targets there were reiterated below as it happened…. Hit but downside may not be over…
From the PTI system, we had some bearish signals out recently then the sell down happened. Exits seen….
Waiting to see if more new bearish signal will come out again…
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