Technical Outlook and Chart Setups:
The overall structure remains constructive for bulls, as depicted above. Strong support is now at 32.00 level (probable Right Shoulder of the inverse head and shoulder) and until the prices stay above, expect higher highs to be carved out. Next major support comes around 31.00 level. Resistance is spread across 34.30 and 35.00 levels. It is recommended to buy at current level (33.01) and possible intraday dip towards 32.80/85. Looking higher from here on.
Trading Recommendations:
Hold on to long positions taken earlier (31.00) region, buy further on dips, stop at 30.50, and target open.
Good Luck!
