1) Monthly 6 year old VCP Breakout, Retest done , consolidated for 2 months, now ready to move out of the consolidation zone.
2) Compressing at major supply region with minimal sellers strength
3) Expecting BO soon, SL at prev week low.
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Exited SOTL with a small SL as the 75 minutes Price action doesn't look good. 500 - Round number reaction has occured.
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Shall wait for a reversal price action before making any fresh entry.
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The stock has zoomed post picking demands at 460 region.
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The stock is holding strong amidst war and other negativity in markets, Entered at a reversal spot - 559, SL 539, Targets minimum 20%. Highly bullish in the short term.
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May punch an exit at 640. Based on yesterday's candle.