The stock is showing bullish momentum, It broke out of the Cup and handle pattern on 30/Nov, now it has retraced and showing good bullish momentum. Besides it took support form its 50 DEMA, at 1760. Which makes 1760 a very good support.
On Hourly TF the stock is taking resistance from a trendline.
Take the entry with half the capital ATM around 1864 and the other half can be taken after the BO of 1950. By taking entry ATM we can have a good RR as the SL it just 5-6%.
On Hourly TF the stock is taking resistance from a trendline.
Take the entry with half the capital ATM around 1864 and the other half can be taken after the BO of 1950. By taking entry ATM we can have a good RR as the SL it just 5-6%.