Let us first look at the daily chart. Larsen has fallen fast from the highs. We see that it is near the support region. RSI is in oversold region. We need to get some confirmation from the indicators of a pullback. The first target is around 1700and 1850 levels.
Now let us look at the weekly charts.
We see that the price has touched the 100 EMA which also happens to be a trendline and a fibonacci level. The other indicators like RSI are in oversold territory. A pullback can be expected(one day of the week is still left). The target is around 1840.
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