Technical analysis - 1. Stock is in a continuous up trend 2. Crossed the pre covid highs (2100) in Feb 2021 3. Stock made a rounding bottom formation after crossing pre covid highs, which denotes continuation of uptrend 4. New high 3060 came post rounding bottom formation breakout
Trade - 1. Stock is in retracement mode 2. Rounding bottom breakout becomes the next buying range, 2520-2420 3. Short term traders can go long in the buying range for a target of the previous high (3060), which is around 25% gain from this buying range 4. Short term traders can use closing below pre covid highs (2100) as a SL
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