Downtrend with a pullback to re-enter into the downtrend. There seems to be a large demand level at our target area, and so this is why the target is placed here. A good 3:1 reward to risk. Lock in profits at 1:1 reward risk. There is strong support at 52.30 by looking at the daily chart. So look into that level for your own targets while you lock in at 1:1