From a chartist’s point of view, the stock price is holding above a key support at 7121p and is rebounding from the lower end of a bearish channel. The daily RSI has landed on a key support around 30% and is reversing up. A technical rebound could be on the cards. A break above 7880p (upper channel boundary) would validate a bullish signal with 8140p and 8848p as targets. Alternatively, a break below 7121p would negate the bullish view and would call for a slump towards 6315p and 5871p (congestion zone).
Source: GAIN Capital, TradingView