It is clear from the setup that the price is at the lower edge of the rising parallel channel. If bounces back from these levels, there may be a bullish phase. Immediate support may be around 175. if sustains below 175, will be out of our setup. This illustration is only my view, not a trading advice in any form. Please conduct your research before taking any trade. All the best.
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Have shown like reversal in the last two sessions. If trades above 185-186 levels, may gain strength. All the best.