The stock was in accumulation for the last one month. It broke out of the range with good volume
and formed a higher high. The market structure is now Bullish
. The price broke out of 200MA and retested it successfully to turn it into support. A somewhat inverse head and shoulder pattern can also be seen.
158, 183, 219.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.