As per my wave analysis, there are two options from here..
Option 1 : It will fall from here.. as per blue arrow..
Option 2 : It can go for one more UP and then fall.
I prefer the first option, but then anything can happen in market conditions as you know.
Put a buy on EO blue line and take the ride up, for atleast 80-100 points.
If it is a reversal, then it is a 1H reveral bottom that we have caught, then we can take a good ride up on Daily TF all the way to the previous high.
If it does not go well, and crawls.. then put your SL tight as you go up as it can go down and touch the bottom again.
Take every buy from here, mind you, it can go down one more time and then go up..
But take EVERY REVERSAL for BUY FROM HERE, it is a good ride up from 90 to 250 ++
Take it and leave it for long term.. you will more than double your money.
As per my wave analysis, a possible good buy for this stock.
Once the EO gets tagged, monitor it for couple of hours and if it does not move, get out and put another EO on top of the last price and leave it.
I expect it will go fast from here to possibly 500 levels too.. so why wait...
Intraday : A move down first and then an UP move..
Do not take the sell move down.. as it will be very risky and if you take it, keep your SL very tight..
I would be more interested in the BUY once the down move is completed.
Will update as we go forward.
Again, the down move might not happen on Monday..as it would go up further and then might not happen on...