Daily Chart
Breakout from the cup and handle pattern gives a target of 1506 which seems a little unrealistic at the moment.However, one should keep it in mind and watch the followup action.Resistance at 1435 was hit making it a key level to contend with.The 76.4% retracement levels is at 1443 coinciding with the red channel support line at 1442.Watch for this strong resistance at 1435-1443 to be crossed.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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