On the daily chart, the RSI trend is in the bullish territory while the MACD has given a bullish signal on the weekly chart. In a minor degree, the price has started to form higher tops and higher bottom which is bullish continuation structure. The RSI on the daily chart has turned upwards from extreme oversold levels of 20 portending to higher levels in the coming trading sessions. With a supportive oscillator, the RSI also posted the trend line breakout, which eventually pushes RSI higher adding strength to the underline. With supportive oscillator RSI has posted trend line break out which eventually push RSI on higher, adding strength to the underline.

Source: Economic Times August 28, 2017 05:03 UTC