Breakout Setup - Wait for the price action

Price action and the setup clearly indicates for a breakout confirmed by good volumes and RSI in momentum.
Stock has just come out of its accumulation range for which a good upside potential could be seen in few upcoming sessions.
A good OI build-up was seen in today's session which has a good potential to break this level.

But before that it should clearly break and sustain over its key level: 1545-50. Otherwise it could act as a good resistance since bears are eagerly waiting to short at this levels.

Wait for the right price action before entering long.

Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.