1. Stock takes support 4 times on support line.
2. Stocks gets rejected 3 times on short term trend line.
3. Stock takes 4th support from support zone and breaks the the short term trend line with good volume.
CMP: 163.80, T: 183, SL:146
For better R:R one can wait and purchase at breakout retest levels.
1. Double bottom breakout both on weekly and daily chart
2. Good volume buildup from previous trading sessions.