The overall trend is upward. The price pivot zone of 268.50 holds back sellers. A breakout of through the resistance level of 279.00 will result in the formation of an ascending pattern of 1-2-3. Stochastic Oscillator signals an oversold condition.
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Trading recommendations:
Buy on the breakout of 279.00.
Stop Loss: 268.50.
Target levels: 286.30; 306.50.