There are many reason why we feel it may rise.
01. It had almost touched Target 03 of Quartely.
02. pattern in .
04. (3,3,14,Close) clearly states it may sink.
05. (14,CLOSE) Is also of the same view.
06. (20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from short below 1225 sl @ 1237 for a target 1208. 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.