After consolidating for more than a month below the 2.80 resistance level,
Finally we saw some bullish actions last Monday when it approached the 2.80 resistance level,
Buyers seemed to be attempting to break that.. and at the end of the day we got a close right at the 2.80 level…
Uptrend was still intact as per trend indicators as it consolidated all these while.. the up move came on Thursday furiously and some targets were drawn…
Today, we have seen the 3.20 target breached as well..
Likely to see more upside from here with target revised to 3.50 next..
Given the rally we have seen, would be good to lock in some profits along the way and more importantly protect them also..
Some profit taking expected as we push near 3.50..
Separately, from the PTI system, we actually had a few 1GT bullish entry and exit signals over the past few months..
And the NEW Bullish signal came in last Monday, see what I mean below…
And then the surge happened…
Still no exits as of now… will be looking to see when it comes out… next target may be on tracked..
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