This broke out from a Resistance Zone of downtrending Trendline and closed above previous high of 4450.
On Buy Side I am looking for Targets of 4680, 4940 and 5370. β¨ StopLoss should be kept below 4200-4300zone. It offers 1:3 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.