IBULHSGFIN | Sinusoidal Pattern

IBULHSGFIN is following sinusoidal pattern off late and playing within the range. Last week it broke the support. and some how closed above it. One more good resistance level is around 660. If it closes above it then there will be very good upmove till 730. One can go long onto it with SL below 630 on closing basis. Once it closes below 630, there will be huge chance of going short.
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