Go Long above 311.1 for targets 332, 352.8 with SL 290.2
1. On a if we draw from recent swing low (Point A) to recent swing high (Point B) we find that stock took support at 0.618 Fibonacci level.
2. Also it formed a pattern, (circled with purple color) around 0.5 Fibonacci level.
3. Additionally there is a demand/ (marked with a green ), as earlier stock faced resistance in this zone. Now this zone is providing support to the stock.