Prices have registered an Triangle breakout.
At the same time, prices have also negated lower top formation by giving a Weekly Close above 87
Volumes have also been high on the breakout, confirming buyers strength.
Weekly RSI has also moved past its recent peak.
More quantity can be added once prices move past 100.
Bullish view valid as long as prices sustain 70.
At the same time, prices have also negated lower top formation by giving a Weekly Close above 87
Volumes have also been high on the breakout, confirming buyers strength.
Weekly RSI has also moved past its recent peak.
More quantity can be added once prices move past 100.
Bullish view valid as long as prices sustain 70.
Comment:
Price is now testing its previous all time highs placed around 124-131, partial profit booking expected here!