Bullish rectangle forming after an uptrend ending on 21st April 2020 indicates a probable uptrend when the rectangle is completed.
Rectangle pattern denotes investor confusion regarding price, which corrects itself with a following uptrend or downtrend.
Go long when price falls near 1230. Stop loss at 1195.
The candle has formed near the trend line and a big movement is highly likely.
Keep a watch at the trend line. You should place orders for both long and short.
Go long at stop loss of 1720 and target 1928.
or if the candle crosses trend line go short at stoploss 1871 and target 1600.