the stock has corrected more than 60% since listing.
after digesting listing move, the stock formed triangle pattern (consolidation zone) on weekly TF and broke it out successfully.
RSI above 60 is also confirming bullish momentum.
Fresh long position can be initiated above 68.5 with the stoploss of 64.
our expected targets are 74.5-85 in short term.
holding period should be 2weeks to 8 weeks.
after digesting listing move, the stock formed triangle pattern (consolidation zone) on weekly TF and broke it out successfully.
RSI above 60 is also confirming bullish momentum.
Fresh long position can be initiated above 68.5 with the stoploss of 64.
our expected targets are 74.5-85 in short term.
holding period should be 2weeks to 8 weeks.