Technical Outlook and Chart Setups:
The structure remains constructive for bulls and a rally is expected to materialize this week. Prices have taken support at the rising trendline, 0.618 Fibonacci support, also the past resistance turned support region as depicted on charts here. Short-term time frames have indicated bullish reversals and signals. A bullish week would confirm the same on the weekly charts. Buy on intraday dips. Looking higher from here on.
Trading Recommendations:
Hold on to long positions taken earlier. Stop is at 29.20. Target is open.
Good Luck!
