Broken out of the congestion of the last 3 months.The strong resistance of the downtrendline is at 5445.
The huge gap up of 120 points needs to be held for the bullishness to contiue.The downtrendline which has been strong resistance for almost a year has resistance around the 5415 levels.If crossed the target of 5600 will be reached easily.
Half Hourly Chart
The half hourly chart shows an island reversal which is very bullish.
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