Price action has formed double bottom
in daily chart
. Immediate resistance is seen at 162. On breaking the resistance and downward trend line
price will confirm the uptrend. Buy above 163 with the stoploss of 159. Targets are 168, 173, 176 and 180. Weekly chart shows price action is trending inside the channel. Price is at the lower band of the channel and has closed above it, implying uptrend.