1. Price has give breakout from the long consolidation on Weekly charts.
2. MACD line is above ZERO indicating uptrend.
3. Momentum has picked up.
4. Volume spike gives further conformation.
5. Entry should be made on retesting of the breakout level using Daily time frame.
6. Target equals the length of trend starting from the base till start of Rectangle project upward from the breakout level.
2. MACD line is above ZERO indicating uptrend.
3. Momentum has picked up.
4. Volume spike gives further conformation.
5. Entry should be made on retesting of the breakout level using Daily time frame.
6. Target equals the length of trend starting from the base till start of Rectangle project upward from the breakout level.
