• The Monthly RSI has bounced from its Oversold zone 43-35.
  • The Monthly MACD has crossed above its Trigger line.
  • This suggests that prices have formed a base the low of 3408.
  • Past up-moves suggest that the price could now resume its up-move to initially test its prior all time high of 6175.
  • On an optimistic basis, it could also touch 7880 (161.8% FR level).

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