TECHNICAL ANALYSIS :
- CUP AND HANDLE PATTERN -
A nice cup & handle pattern had finished forming on 26th jun after which market broke out of it & started going bullish for the next 2-3 months
- 100D SMA REVERSAL -
Market had taken a support from 100D SMA twice indicating strong bullish momentum
- STRONG SUPPORT-RESISTANCE LEVEL -
Apart from that market had taken support from a strong support-resistance level again indicating strong upward pressure
- PROFIT -
Market had finally reached the profit target of 132 which is equal to the height of the cup & then rebounded