It is in bullish mode. It is breaking its previous highs. It took support at 415. On the monthly chart it will face resistance at its 20 MA i.e. 424 but it starts moving downward it will first take support at 50 MA at 375 level.

On weekly chart it is clearly visible that It is not breaching its 200MA took support at 400 where demand zone created but facing resistance at 20 MA if it break 20MA then the target will be its 50 MA i.e. 475. On the downside it will take support at 385 i.e. 200MA.

On the daily charts it is visible that 20MA might break 50MA as RSI is also looking good which is 66 at hourly time frame so look for price movement if it happens at otherwise if It starts moving downward then it will take support at its 20MA i.e. 410.
There will be a good buy between 395-405 for the target of 450 for swing trading.

I hope this analysis will help you for the upcoming trading session.
Thank you
Analysis by
Akshay Singh

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