Major points of analysis and decisions -
1. Trend pattern upside
2. Stock is at the below of trend channel
3. Doji formation at the bottom after many red candles showing an indecision among sellers or weakness in sellers
5. Strong long tail doji
6. RSI 50
Target 423-432
This analysis is purely based on price action
The analysis is on Weekly TF hence target can be achieved in couple of weeks to months
Trade strategy is explained in image itself. Entry above high of the candle.
Always plan your trade & trade your plan
Keep trailing SL accordingly once in trade
SL should be on Weekly/Daily Closing basis as per trader's own...
