The immediate trendline has been broken in the counter.
The break out was with a gap which further bolsters the case for reversal.
RSI indicator which was hovering around the 40 level mark has spiked up indicating a positive bias.
Hence, we expect the pair to move higher from here.
The break out was with a gap which further bolsters the case for reversal.
RSI indicator which was hovering around the 40 level mark has spiked up indicating a positive bias.
Hence, we expect the pair to move higher from here.