Spinning tops in a narrow range

٨ سبتمبر ٢٠٢٠

Spinning Tops in a narrow range usually signify mixed signals - it can move in either direction. So, it may bounce anyday upto 11550-11600 but, the direction clearly remains Bearish. It's preparing itself for a meltdown. 11250 is it's support, so it's spending some time here. Once it breaks this, our targets are - 11000, 10800 and 10450.