THE COUNTER HAD BEEN IN DOWNTREND FOR QUITE A LONG TIME. IT FORMED A STRONG BASE AROUND 170 LEVELS DURING RECENT PAST AND BOUNCED BACK FROM THE SAID LEVEL. TODAY IT GAVE A FIRM CLOSE AROUND 188 LEVEL. IT SEEMS THE COUNTER IS FORMING INVERSE HEAD AND SHOULDER PATTERN ON A DAILY CHART. WITH TECHNICAL INDICATORS LOOKING POSITIVE POSSIBILITY OF FURTHER UPSIDE IN A SHORT TERM CAN'T BE RULED OUT. RECOMMEND BUY AT 188 FOR THE TGT OF 200-205 WITH CLOSING SL OF 183.
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