Double top pattern formed and neckline broken in 28th July 1D timeframe. It has taken support on 50 EMA line.
It has good potential to be a swing trade if it stays down below 50 EMA line on next trading session.
Go short for a good swing trade if price breaks 276.30 which is a good resistance level.
Target for swing traders can be - 263.70
If price forms bullish candle in 50 EMA line then that can act as a good support level if the price is taking a pull back currently, swing traders can go long.
Long targets can be 290 and 303 respectively.
It has good potential to be a swing trade if it stays down below 50 EMA line on next trading session.
Go short for a good swing trade if price breaks 276.30 which is a good resistance level.
Target for swing traders can be - 263.70
If price forms bullish candle in 50 EMA line then that can act as a good support level if the price is taking a pull back currently, swing traders can go long.
Long targets can be 290 and 303 respectively.
BKS
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