The overall trend is upward. The support level of 78.63 is holding back sellers. Stochastic Oscillator indicates an oversold condition. A breakout of the price pivot zone of 79.12 will result in the formation of an ascending wave pattern within the overall uptrend.
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Trading recommendations:
Buy above 79.12.
Stop Loss: 78.63.
Target levels: 79.64; 80.12.