If you check my older posts you will see that I had clearly mentioned that there was a nice support at 189 zone and below that 185.3 and 178 were clearly seen. But it was just for blog viewers. For clients the moment 189 was breached I had clearly mentioned the target of 159-160 range and expected a sharp bounce from there & same thing has happened. Attached is the chart for your review....Its called Head & Shoulders in technical analysis terms...
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