Observations: - * Inverse Head & Shoulder pattern breakout with high volume seen on weekly chart * Price trading above weekly & daily 200 SMA * Price may try to touch the monthly 200 SMA and face some resistance near this level * Long term trend is changing. * Now monthly and quarterly closed above 110 may give confirmation of trend change from down to up. * Price must sustain above 110 for next 3 months for good upside in long term
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