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