Security is trading between 116 and 120. Upper limit is 122. Bulls will be active above 122 if sustained for 15 mins.
Bias - Bullish ⏫
Note - Please wait till the levels are active. View negated if stock is below 116 on closing basis. This is an educational idea which would be updated on further price action observations. In no ways it is a buy/sell recommendation.
Keep your stop loss Outside of a penetration area.
The trade will execute after breaking up/down will give you the direction of trade.
Following points should be observed before entering to trade.
1) Volume should increase from the normal range of it.
2) The volume with the price. For instance, if down-breakout, price fall with raising volume will favor of...