The stock displays a cup pattern on strong volume, trading confidently above both the 20 and 200-day EMAs, suggesting robust upward momentum. Previous session candle was bullish and need pull back for taking a long position near 130 level for the approach of its neck line resistance near 144. Use a stop loss at 123 to manage your risk.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.