1. Stock seems to be in uptrend as pointed by 50/100 EMA pair in 1h timeframe.
2. Support and resistance zones identified in the chart.
3. A trendline has been drawn which is anticipated to be broken if the stock jumps from the 50 EMA and support zone confluence area.
4. MACD shows a weakening downside momentum signalling the stock is ready to move towards upside.
5. Long trade if the trendline gets broken with a bullish candle in 15minute timeframe with target at the resistance and SL below support.
2. Support and resistance zones identified in the chart.
3. A trendline has been drawn which is anticipated to be broken if the stock jumps from the 50 EMA and support zone confluence area.
4. MACD shows a weakening downside momentum signalling the stock is ready to move towards upside.
5. Long trade if the trendline gets broken with a bullish candle in 15minute timeframe with target at the resistance and SL below support.