Reasons to go Long :
1. On a if we draw the tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A pattern, (marked with an orange circle) is formed at 0.618 Fibonacci level.
3. Also there is a (marked with a green ) around 0.618 Fibonacci level from which the stock is taking support and moving up.
4. Also the stock is forming a chart pattern ( / W Pattern) around 0.618 Fibonacci level.
5. In addition to this there is a trendline that is providing resistance to the stock. Our target is just below the trendline. Also, this trendline is tested multiple times and if the stock gives a trendline breakout in future then we can expect higher targets as well.