Failure in the range of 7380-7400 on Thursday if followed by a close below the support offered by the rising trend line drawn from June 24 low would open doors for a drop to the head and shoulder neckline support around 7260 levels. The bearish pattern on the RSI suggests potential for a breach of the trend line support today.
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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.