CHEMPLASTS
- Prices have cleared its resistance at 500, and has hence negated its lower top formation.
- Weekly RSI has also cleared its Overbought level of 60.
- Prices are now likely to test 640 (61.8% FR level).
- Bullish outlook remains intact as long as price is above 415, a break of 415 would negate higher top, higher bottom formation.
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