The pattern we see is an 'Rising Wedge' pattern. This usually occurs when a security’s price has been rising over time, but it can also occur in the midst of a downward trend as well. (Information via Investopedia)
The declining volumes indicate lower volatility and an imminent power move (long/short), ATR confirms the same.
Considering the bullish green candle...
The stock is currently in a healthy uptrend, with very few whipsaws. The idea is to wait for the stock to hold support on the upper trend line region and go long, or in case if it breaks the first trend line , wait until it reaches the lower trend line /50 MA and go long from there.
1st buy - 960-980
1st buy target - 1090-1100 (as per Fib Retracement)
2nd buy -...
