Technical Analysis: Price Reversal in Focus After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week.
Today's Outlook: The bearish trend is expected to continue as long as the price remains below the pivot zone which is 19625 and 19800, potentially targeting 19250 and 19100.
Bullish Scenario: For a bullish reversal, the price needs to rise above 19800, aiming for targets of 19960 and 20100.
Bearish Scenario: As long as the price trades below 19625, the bearish trend is likely to persist, with targets at 19520 and 19250, supported by strong bearish volume.
Today's Expected Range: The price is anticipated to fluctuate between the support at 19250 and the resistance at 19800, with a downward trend expected for today.