IF u watch the daily chart given below u can see that (1) on 23/6/11 there is BULLISH ENGULFING PATTERN , the candle is marked with pink arrow. (2) there is POSITIVE DIVERGENCE OF MACD INDICATOR , (3) on 24/6 the candle is closed above upper resisting trend line, as well as above 20 SMA. The candle has been marked with purple arrow. (4) And finally today MACD also given buy signal, which is marked brown arrow.
So it looks like this upmove will continue upto upper boilinger band which is right now at 5660, For daily close should not be below trend line which is acting as resistance up till now, now it will act support.
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