Price are trading within an Upward sloping channel after a Double Bottom Breakout.
With the support of the lower end of the support price could once again bounce back.
Bulls should back the price if it sustains above 271 for the target of 290/300 with a reversal below 263.
As seen in the weekly, price gave a breakout from an Inverse Head & shoulder formation, along with downwards sloping trend line.
Price sustained the breakout & also 38.2% Fibonacci retracement.
Upon its weekly close, expect some dip before resuming its bullish bias.
After achieving its initial target of 755, an immediate levels of 850/940 as the next targets.
Price have closed above the downwards sloping channel, giving a Bullish Flag Breakout on daily & weekly chart.
Sustaining above 680 in intraday could take the price towards 722/790 levels.
Price bounced after taking the support near the long term trendline at 438.
Breaks the downward sloping trendline & also completes a pullback before resuming its uptrend.
Sustaining above 680 could make the price move towards 755/852/950.
