Long from positional perspective.

This is a view for the short-term time frame.

Hypothesis: The stock has given a breakout in the positive direction. Still, to avoid fake breakouts we can wait for the closing to be above our entry-level and initiate the trade. If it's a genuine breakout this can be a very rewarding trade.

Trade closed: stop reached:

Exited the trade. Overall Market sentiment is getting bearish.