1) The stock is trying to break important resistance zone
2) Since 200 EMA was acting as resistance in the past it is safe to enter above 200 EMA in weekly time frame.
3) Consolidation below this resistance zone will give more strength on breakout
2) Since 200 EMA was acting as resistance in the past it is safe to enter above 200 EMA in weekly time frame.
3) Consolidation below this resistance zone will give more strength on breakout
Trade active
Comment:
Revised 1st target 81