Price is trying and should break this resistance of 246. RSI and MACD both are bullish . Also price is just hugging the 20ema,so it has enough room to run after breakout. One can buy above resistance once you get a clear breakout for targets of 260 and then 271.
might make a triple bottom and find support at 219-222levels,one can buy there with strict stop loss of 217
hold all longs,it is forming an ascending triangle,99% percent should give breakout on the upside.
perfect breakout one can go long!
Hope you guys enjoyed the move from 247-263!
can hold for higher targets
Trade closed: target reached:
2nd target of 271 also achived today!
whoever wants to stay for 280 can stay in the trade with sl of 264.