There was a gap down observed on daily chart which is been not filled up for a long time. Now the price action breaks out from a rectangular consolidation and shall reach out to 3280 levels in order to fill up that GAP.
I believe it is a 4-5% gap that has to filled in order to get further price movement. As the previous buyers and sellers who got stuck in that gap down shall provide movement to the price action. Generally it happens like that. It might take time but it shall cover the Gap.