Prices have today given breakout above the Neckline of Inverted Head n Shoulder Pattern at 96 level
which until today acted as a good resistance zone. This pattern creates an Upward target of 10points
above such Neckline level. Prices have breached the moving average 50EMA & closed above it, this is
after many trading sessions, looks bullish further.
BUY till trades & closes above 96 with Stop below its previous Support zone, mentioned. Book Profit near
resistance zones.
CMP – 98.
RESISTANCE – 98.7, 100, 101.5 SUPPORT – 95.5, 94, 92
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