Buy at 1038-1050 range for an excellent entry.
SL - Exit if stock close below 1035
Reason for the trade: Breakout with a good volume and now fueling the car for the next move.
If you are taking the trade, please keep strict SL.
Disclaimer: Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.
Check out the price action along with the volume signature in the highlighted zone in the chart. The breakout on slightly higher volume and then the retest on even higher volume was an interesting development. The subsequent price action is a characteristic sign of absorption of supply while the price was congesting. I am long in this stock and would not be...