It is been observed that the price action breaking above the downward channel indicating buyers domination over price action. Buyers shall further take prices up from current levels.
Target 1: 96
Target 2: 100
Stoploss: 91.50
As per the price action, it seems like 5 impulse waves are completed within the up-trend channel and now it will move further in corrective phase where 3 waves will continue rallying downward against the trend. The three corrective waves would name A B C. I have marked only Wave A in the above chart.
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