Clearly, We have seen the BO has been completed above the level of 587 & closing of the stock is above 590 . Hence this is the sign of strength & stock is trading above the 50 EMA
level & +VE bullish
candles forming. Also we have seen the Flag pattern
on the charts again the sign of bullishness. So in two ways we can take entry in the stock pull back or BO. Pull back traders wait for the stock to test the support level
& in past we have also seen many times this stock retest the support area
before moving to the target. For break out traders can take the entry above 592 the next BO of the stock for the target of 605 level. Both ways are good to trade but accordingly you have to keep the SL. So add the stock in your watch list to see the price action movement in the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis
learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .