~~ Looks difficult to sustain ~~

Gillette broke out of a multi-month resistance of around 7110 on Friday with a huge upmove. This is a good sign as it marks a rectangle breakout.

However, It is interesting to see if this breakout sustains in near term.

RSI indicates a downturn from this range as it did historically from similar levels.

As per my analysis, the 7100 levels are important to watch out for and it should act as a strong support if the price sustains above it for some days now.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.