The stock has broken out of the pennant formation with great volumes.
One can go long for target of the pole's height "d" as given in chart.
SL can be at the new trend line support of pennant or the low of previous breakout candle.
Still stay cautious as may dip a little due to doji formation or may go up. ( doji indicates indecisiveness).
@DSKF16, agreed. As I mentioned it was a doji so could'nt be sure on the next candle. I did mention it may a dip a little to test previous breakout levels. Also how did you determine the first two targets you've mentioned?