Rational : 1. Explosive move (Flag Pole) 2. Consolidation (Flag) 3. Breaking out on upper side with big volume, indicating interest in the stock. Today price action indicated trade setup may work because price rebounded from trend line.
Trade setup: Entry : CMP. SL : 27.5 (Swing low) Target 1: 36 (Origin of fall). This trade offering 2:1 RR if it works as planned
Trade setup: Entry : CMP. SL : 27.5 (Swing low) Target 1: 36 (Origin of fall). This trade offering 2:1 RR if it works as planned