Technical Outlook and Chart Setups:
The above structure confirms that the right shoulder of a possible inverse head and shoulder has been carved out at 32.00 level. Technically, 32.00 should hold for now and all intraday dips should be well capped before it. The lined up resistances are 34.30/40 and 35.00 respectively, while support levels are 32.00 and 31.25 respectively. All intraday dips from here on should be considered as opportunities to take fresh buy positions. Looking higher from here on.
Trading Recommendations:
Hold on to long positions taken earlier, move stop at 31.50 from 30.50, and target is open.
Good Luck!
