BN opened at 35259 right in between the support and resistance area. Made a journey to the first support area without spending much time.
From 10.35 to 12.30 BN traded around the support level of 35096 (see the big yellow oval marking). The price action was pretty stable during this short time period, but the breakdown was pretty serious. BN almost fell to the support level of 34740 (almost), it took support at 34774 level instead and closed at 34818
If we look at the last 2 to 3 trading days, we cannot completely confirm if its a reversal or just a consolidation. Further price actions by breaking the crucial support or resistance levels will provide us more information.
Important Support & Resistance levels
s1: 34740, s2: 34372
r1: 35096, r2: 35515 (new resistance established as there was a reversal at this price range)
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