11.16 Technical Analysis: The market is about to enter a short-term corrective phase after a significant drop!
Bullish View: First target support level 94000, second target support level 94500. Upside target level: near 96000 support line breaks at around 97000 resistance level. If it continues to break, look towards the critical level of 98000 for selling pressure, and if it breaks further, continue to look up!
Bearish View: First resistance level: 98000. Second target resistance level: 98300. Downside target 97000. If it breaks near the resistance level, look towards 96000. If it breaks further, look down towards the 95000 line!
The above views are for reference only and do not constitute a basis for trading. Profit and loss are at your own risk!
