An uptrend line has been drawn on the chart to show the uptrend. The price can be seen heading towards the same trend line
. The rectangle
shows the sideway range that has been followed for months together
with a final break out towards the end of December cautiously on lower volumes. However, the doubt comes in with recent fall in price on account on account of rise in negative volumes (23rd Jan). Its better to go for a long position on the trend line
if we can witness an increase in volumes compared to the average volumes witnessed in the recent past.