This broke out from a Resistance Zone of 1175-1200 and closed above it .
On Buy Side I am looking for Targets of 1400-1450. Target Calculation = 2*(Resistance Level - Last swing low)
StopLoss should be kept below 1125-1150 zone. It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
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