confirmation of breakout
*Technical analysis shows it is giving bullish signals for the following reasons :
1. it has already formed head and shoulder pattern and it has crossed the resistance level
2. fib retracment also shows that price will move up because it has crossed the fib level
3. volume is also very high in last 3 sessions comparitavely to volume which went sideways for quiet a long time.
4. resistance @146 was a strong resistance which it tested mutltiple times, so now it has broken the resistance with a very high volume .
1. it has already formed head and shoulder pattern and it has crossed the resistance level
2. fib retracment also shows that price will move up because it has crossed the fib level
3. volume is also very high in last 3 sessions comparitavely to volume which went sideways for quiet a long time.
4. resistance @146 was a strong resistance which it tested mutltiple times, so now it has broken the resistance with a very high volume .
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