PRL Analysis
Closed at 106.95 (16-10-2026)
Bearish Divergence appearing on bigger tf (Cautious approach
should be adopted now).
Ascending Triangle is spotted but heavy volumes are required at
108 - 110 to sustain this level & to continue its move.
On the flip side, Important Support seems to be around 88 - 93 &
then around 75 - 77.
Multiple closings below 74 may bring more selling pressure dragging
the price towards 65.
Closed at 106.95 (16-10-2026)
Bearish Divergence appearing on bigger tf (Cautious approach
should be adopted now).
Ascending Triangle is spotted but heavy volumes are required at
108 - 110 to sustain this level & to continue its move.
On the flip side, Important Support seems to be around 88 - 93 &
then around 75 - 77.
Multiple closings below 74 may bring more selling pressure dragging
the price towards 65.
Trade active
wowww. From 114 to CMP 100.50 :-DOn 16-10-2026, I clearly talked about Bearish Divergence
Note
as clearly mentioned about the Bearish Divergence... and it played well 😀
From 114 to CMP 98.11 so far 😛
Note
woww... 95.50 :-Dseems like it may print higher low around this range.
Resistance is still the same, 108 - 110.
Note
93 :-D
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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.