On 03 July 2020, long green candle was formed in day chart above the upper of the . saw a huge spike indicating a big money move.
If the price sustains above the upper of the with a considerable , it would be an early break out and the erst while upper will turn to be a support line.
In case of early break out, buy near 1135 during a surge after a pull back to 1120 levels.
1st Target - 1200-1230; 2nd target - 1250-1270
SL - 1105.
1. has a positive crossover and looking for a divergence
2. indicate strength of the upward move
3. Price crossed and closed above 200 and 20 and 50 point upwards.
4. not yet in overbought zone
Caution: Since this is an early break-out without any strong fundamental news, respect the SL