There is a consolidation forming above the breakout and now even if there is a breakout happening, it may quite difficult to cross the level of 171-2 level. As said in the previous post, if 162 is broken on the downside, price can correct till 152-3. In short, it is possible that upside is capped for the near term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.