CHEMPLASTS

• Prices have cleared its resistance at 500, and has hence negated its lower top formation.
  
• Weekly RSI has also cleared its Overbought level of 60.
  
• Prices are now likely to test 640 (61.8% FR level).
  
• Bullish outlook remains intact as long as price is above 415, a break of 415 would negate higher top, higher bottom formation.