The stock has broken beautiful center line which could be used for making a Action/Reaction set as explained by Andrews. Today's spike could be due to high volatility in the opening session. Demand is seen at that level. RSI reading above 50 is also confirming the decision so one can go long with following Entry/SL/Target.
Entry 1145 Sl 1105 Target 1225 - 1250 Risk/Reward 2 for the lowest target
Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.
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It has closed slightly below the SL but continued for this small variation.
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