The counter has formed a bearish gartley pattern.
Further, the bullish leg move can be construed as a ABCD pattern.
The RSI indicator is lurking in the overbought zone.
And a bearish trendline is capping the bullish move.
Hence, we expect the confluence of resistance to act together and initiate a bearish move to 1.70397 and 1.69833.
Further, the bullish leg move can be construed as a ABCD pattern.
The RSI indicator is lurking in the overbought zone.
And a bearish trendline is capping the bullish move.
Hence, we expect the confluence of resistance to act together and initiate a bearish move to 1.70397 and 1.69833.