The stock can take support at the Kumo Cloud and the parallel channel can also help as support. Keep the stoploss below the Kumo Cloud and the target price would be the middle line of the parallel channel.
The stock looks good at the current level. The stock has broken down trendline in weekly and looks like the stock is breaking out. The stock has relatively a triple bottom formation. The RSI Indicator also shows an Inverse Head and Shoulder Pattern.
The stock is at a very good level. The stock has had a consolidation. The stock can be bought near the green zone with a Stoploss just below the green zone. The stock can gain momentum from the movement in the MIDCAP Index
The stock has taken support it seems and the level has been tested quite a few times. One can initiate a long position near the green zone and hold for a 10-12% move on the upside and keep a 4% SL. If If the stock bounces from this level then the stock might form a triple bottom formation.