The stock looks good for a long entry due to following reasons

1) Stock is at a demand zone from which we have seen significant rally
2) Though the stock is forming new lows in smaller time frame, the stock has reached an important support level
3) We are also seeing Awesome Oscillator divergence in the chart

We may see strong reversal upto the Supply zone as marked on the chart.

Disclaimer: Only for educational purpose.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.