Reasons to go Long :
1. On a if we draw the tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A chart pattern, (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a (marked with green color), from which the stock is taking support and moving up.
4. The stock can go up to the trendline where it may face resistance.