- Price in daily chart is moving up towards the resistance line.
- In the recent past this line has acted as strong resistance.
- Now price is also approaching 50 Day SMA.
- So a breakout here may extend the current up move. Look for a daily close above 50 SMA for confirming real buying strength.
- Getting resisted here will result in another fall.
- Resistance line is around 1960
- 50 SMA @ 1966
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