The stock is forming a beautiful Channel on a Daily TF.
I see a approx 1:4 RR in this stock upon breakout.
Also on Daily TF if the RSI is near 60 during BO then it would be a positive sign for the entry.
MACD already gave a positive sign.
This stock is a must in the watch list as on a weekly TF also it is resting on a crucial level of Cup formation . And we all know that the best entry for the cup formation pattern is after the retest which is the current scenario for the stock.
I see a approx 1:4 RR in this stock upon breakout.
Also on Daily TF if the RSI is near 60 during BO then it would be a positive sign for the entry.
MACD already gave a positive sign.
This stock is a must in the watch list as on a weekly TF also it is resting on a crucial level of Cup formation . And we all know that the best entry for the cup formation pattern is after the retest which is the current scenario for the stock.