July contract has started with a price breakout above a Symmetrical triangle; which clearly suggest that the continuation bullish trend is intact and the price technically should witness buying momentum at higher level. Hurdles are seen at current level 3730 and on the ATH at 3950. Our minimum target is at 4290, however strong buying momentum could push the price higher to 4650. Support is seen at the triangle apex at 3560. Price movement below S2 at 3390 will negate our bullish outlook.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
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