This broke out from a Resistance Zone of 2665-2695 and closed above previous swing high of 2600 .
On Buy Side I am looking for Targets of 2950. Target Calculation = 2*(Resistance Level - Last swing low)β¨ StopLoss should be kept below 2500-2550 zone. It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.