1. Price was trading in a channel as shown on the chart since June 2011 unless it broke down in Dec 2016. Price once again has entered the channel after deep corrections.
2. Price has broken previous high made in Sep 2016.
3. has been indicated on the chart based on price action. Price after testing the lower end of , has formed kicker in the last week with substantial rise in .
4. indicates view.
Price seems to be all set to go past 1800 (upper fibre of ). Hence, it looks good from investment perspective with initial stop below 1324 (below candle of last week on closing basis) and ride the trend.