Daily chart shows reversal from long term support zone with closing of subsequent days on heavy volume above the downward trendling. It is indicating heavy buying pressure resulting in the reversal of the downtrend.
target - 103.50
stop loss - 94.5
It is been observed on the daily chart that the price action forms a descending triangle shape pattern which is counted under a flag pattern due to it size. It is also been observed that the price action is breaking out from 83.50 levels, which is ALL TIME HIGH LEVELS. Therefore, the price action indicates strong positive sentiments, where buyers have full ...