Description
⋅ After it seems like it took support at 0.5 retracement, the stock looks quite ready for the climb.
Inside the broader arc 'Cup' is the 'Parallel Channel' in which the stock is moving.
RSI at 55 also shows that if the stock needs momentum to rally, RSI has the steam to provide.
All in all Looks attractive to hit 1100 again.
Trade closed: target reached
⋅ Expect some correction which would be a healthy pullback.
Comment
⋅ The fresh journey though is going to start in some days.
Comment
⋅ Right time to enter the stock.