Breakout of IHS pattern as well as rising channel on weekly chart. Should head towards its all time high of 974. RSI on weekly chart is about 70, indicating strong momentum. Disclaimer : for education purpose only
Details on Chart
After a steep correction from 800 in January till 650, it appears to have resumed its uptrend. The weekly Kumo bounce is activated along with a strong demand zone in hourly being observed today. It could do 750-775 with minor resistance around 730. View would be negated below 670
It appears strong both in the short term as well as medium term. It could test 150 (short term) and above that 165/190. For short term the view negates below 137