Currently the price is trading at its three years low and entered the support zone , After forming head and shoulder pattern it broke the neck line to again go in down trend. As the price has already touched the support zone it is possible that it can reverse back from here. But there is no conformed signal of trend reversal from here right now.

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Rishikesh Lilawat

Rishikesh Lilawat
Rishikesh Lilawat

Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.