With positive sentiment ahead of quaterly results, a great momentum can be seen in this stock which has simuntaneously confirmed its breakout by sustaining above b/o levels as shown in price action.
The view is bullish on stock for a swing trade as volumes are quite high which represents instituitional buying at this levels. Let's wait for some more price action as we may see some profit booking at this levels which may somewhat bring the stock down, otherwise it is all set to rally upwards for a short term.
Trade with caution!
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
The view is bullish on stock for a swing trade as volumes are quite high which represents instituitional buying at this levels. Let's wait for some more price action as we may see some profit booking at this levels which may somewhat bring the stock down, otherwise it is all set to rally upwards for a short term.
Trade with caution!
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!