Broke out Penant Flag on 12/3.
Volume increased during broke out.
Currently at 78.6% fibonacci extension level.
Might go for correction as RSI is in overbought status.
Still above up-trending line.
Still above EMA 9,20,50,200.
Short term profit taking: 0.565 (Based on 100% of fibo extension)
Mid term profit taking: 0.645 (Based on width of penant)
Volume increased during broke out.
Currently at 78.6% fibonacci extension level.
Might go for correction as RSI is in overbought status.
Still above up-trending line.
Still above EMA 9,20,50,200.
Short term profit taking: 0.565 (Based on 100% of fibo extension)
Mid term profit taking: 0.645 (Based on width of penant)