2. The correction happened in low
3. Now it's in a 4650.
4. It should break the downward slanting trendline with high .
Current Close - 4670
Buy above 4950
Stop Loss - 4540
Target - 5502/6000
This idea is invalid once it breaks the and closes below i.e. 4500
It's again in the supply zone. Let's see if it falls down from here. Or breaksout from the trendline.
Closing above 4950 in a weekly timeframe would be positive for the stock.
A very wide candle with more than average volume.
A very positive price action.
Nearing our first target of 5500.