it was range bound and consolidating since 2015, now it has given breakout with good volume in weekly time frame, unless it is a fake breakout it has good upside potential.
with a sl of 650, 1st tgt to expect - 965
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here we can see that in daily, recent up move has 5 fractals, now correction is going on, max retracement is .618 .
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price at .5-.618 region, there is a high chance of reversal.
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price reversed from .5 - .618 region as expected and moving up.
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price is moving up as expected, closed at 759.20.
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moving up as expected, till now 806.8
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till now 883.15, price is trading at all time high, BB is expanding in weekly, and candles are rising upper BB,
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moving up as expected , till now 905.35
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price has come down to retest the channel resistance zone, which ll act as a support zone.
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cmp - 832.85, price bounced from the support zone,