DURING RECENT PAST THE COUNTER POSTED SWING LOWS AROUND 235 LEVELS AND SHOWED SHARP RECOVERY WHICH IS CLEARLY VISIBLE FROM THE TWO PIN BAR CANDLES ON A DAILY CHART. THE COUNTER IS NOW SUCCESSFULLY HOLDING 250 LEVELS ON A CLOSING BASIS. TODAY IT KISSED THE UPTREND RESISTANCE LINE WITH DECENT VOLUMES. WITH OTHER INDICATORS TOO LOOKING POSITIVE WE EXPECT THAT THE COUNTER IS ON THE VERGE OF COMMENCING ITS SHORT TERM UPTREND, RECOMMEND BUY AT 253.75 WITH CLOSING SL OF 240 TGT 270-275 IN A MEDIUM SHORT TERM.
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