There are many reason why we feel it may RISE
01. It is trying to touch Monthly Risk buy level of 16719.
02. in WEEKLY Chart.
03. To RISE and come near 16597.
04. (3,3,14,Close) clearly states it may RISE.
05. (14,CLOSE) Is also of the same view.
06. (20,CLOSE) Is of the same view.
Keeping all the above indicators in view along with the chart pattern we expect it to rise. Our BUY call shall be from 16427 with a SL @: 16379 Tgt01: 16544 Tgt02: 16597 Tgt03: 16759. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.