Pennant chart pattern gives us a signal that the market is going to move upward. For this the price will have to break the resistance line of this pattern. We have a price reversal from Kijun line of Ichimoku indicator. DMI confirms trend market conditions and the bullish market. We have buy opportunity. Pending orders can be placed at 460.00 level. Stop orders must be placed below the support at 390.00 level. Profit targets are 600.00 and 700.00 levels.
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