Prices have bounced from its up-sloping trendline support along with the Daily RSI bouncing from Oversold level.
This week, prices broke out of its consolidation, and has also cleared a Gap Area resistance on the Daily Chart.
Prices could now test 2300 in the near term, where multiple resistances coincide.
A Daily Close below Rs.1800 would negate the strength.
This week, prices broke out of its consolidation, and has also cleared a Gap Area resistance on the Daily Chart.
Prices could now test 2300 in the near term, where multiple resistances coincide.
A Daily Close below Rs.1800 would negate the strength.
Trade closed: target reached