The level around 234.4 (yellow horizontal line) is an important resistance ,
In May and June it was a Strong Support and in July and August it turned into resistance,
Currently , there has been a breakout through this level,
On Shorter time frame there is also inverted head and shoulder , neckline being the same level.
The breakout candle has negligible wicks and is supported with good volume.
Thus, there is a short term trade tgt is 245, sl is 231
In May and June it was a Strong Support and in July and August it turned into resistance,
Currently , there has been a breakout through this level,
On Shorter time frame there is also inverted head and shoulder , neckline being the same level.
The breakout candle has negligible wicks and is supported with good volume.
Thus, there is a short term trade tgt is 245, sl is 231
Trade closed: stop reached