Go Long above 544.4 for Targets of 559.25, 574.1 with SL 529.55
Reasons to go Long :
1. If we draw Fibonacci Retracement from recent swing low (Point A) to recent swing high (Point B) on a 1 Day chart we see the stock is taking support of 0.618 Fibonacci level.
2. Around 0.618 Fibonacci level, we can see that the stock is forming double bottom (W pattern) which is bullish.
3. In addition to this the stock gave trendline breakout.