1. Price has been following a trend with multiple support on drawn on the chart since July 2012.
2. Counter has been drawn as shown on the chart. However, counter has not been decisively broken but overall tendency is indicative of clear upside bias. Moreover, price has opened this week above counter and sustained till now. In order to make right entry to minimise the effect of fake b/o, it will be prudent to enter above 1441.
3. clearly shows view.
4. Price is trading above EMA20 & 50.
4. Stop (initial) can be considered at 1226 (below swing low) and ride the trend ( review the trailing stops from time to time as price goes up).