Expecting it to give a move to the redline if breaks the violet zone.
It has bounced back from this trend line in the past so we can expect a bounce from here too.
If closes above the trend line, we can see a good move for 15-20%.
Can be considered for the long position.
Very old trend-line and can see good up move if it breaks this.
Looks good to bounce back and we can expect a good move upwards from here.