A huge head & shoulder (bottom) formation is being noticed in the daily chart. The right shoulder is into formation. A bullish kicker gap up with true volumes in the last session displays unadulterated bullish strength. The neckline is situated at 40180 levels.
A good breakout move above the line will push prices further up to 43500 plus levels. The RSI value on daily chart is above 60, if it maintains to sustain these levels and does not fall in the bearish zone, then a positive breakout is not ruled out.