Positional or Longterm Opportunity in Easy Trip Planners
Go Long @ 42.65 for Targets of 48, 56.45, and 4746.4 with SL 39.2
Reasons to go Long :
1. On a Weekly timeframe the stock gave Trendline breakout (marked with red color).
2. Also a bullish chart pattern Double Bottom (W pattern) is formed around the support zone.
3. In addition to this, the stock took support from the demand zone (marked with green color) where it initially was facing resistance.
4. Also a bullish candlestick pattern (Bullish Harami) is formed around the support zone marked with yellow color.
Reasons to go Long :
1. On a Weekly timeframe the stock gave Trendline breakout (marked with red color).
2. Also a bullish chart pattern Double Bottom (W pattern) is formed around the support zone.
3. In addition to this, the stock took support from the demand zone (marked with green color) where it initially was facing resistance.
4. Also a bullish candlestick pattern (Bullish Harami) is formed around the support zone marked with yellow color.
Trade closed: stop reached