Stock has given a bullish
breakout with good volumes and RSI
showing strength. The resistance level
of 545 has been taken out and price action (higher lows) confirms the charge of bulls which clearly indicates a good upside potential in coming sessions.
It may retest the resistance turned support and then continue the upside rally. So wait for the right price action.
Disclaimer: Please take this for educational purpose. Trade on your own risk.
Happy trading. Happy investing!