A price action above 1210 supports a bullish trend direction. Increase long exposure for a break above 1230. The target price is set at 1270 (its 78.6% Fibonacci retracement level). The stop-loss price is set at 1160 (its 23.6% retracement). The waterfall effect of breaking the 200-day and 2-week will act as major support for the bullish underlying trend.