Technical Outlook and Chart Setups: Patience is being tested here to the highest level. Any attempt towards 28.30 level is met with a strong selloff on the counter. And each time the counter fails to clear, the probability of a bullish breakout is increasing. This happens because previous lows/supports are not being broken. The rising wedge structure remains very much intact yet until 26.50-27.00 levels, we are recommending buy on dips and hold on to earlier long positions taken. This consolidation pattern assures a powerful breakout that may it be at any side. Trading Recommendations: Hold on to long positions taken earlier, stop 26.50, target 1650-1670-1700. Good Luck!
