The market gives us the local swing high which can be used for placing pending orders for buy. If the price breaks 12000.00 resistance level , SMA100 and moves above this high, it will be a signal confirming trend reversal and further upward movement. Buy orders can be placed at 12300.00 level with stop orders at 10200.00 level. Profit targets are 14000.00 and 17000.00 resistance levels.
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