The stock is fundamental strong and technically given multiple confirmation & entry point. The analysis given below :
a) Falling Wedge: The price structure was in HL-LL and given a resistance breakout with volume.
b) Inverse Head & Shoulder: After the breakout and making new high, price was consolidating in range with neckline acting as resistance. c) Neckline resistance broken with surge volume, confirm the breakout.
d) Retest Level: The price retrenched to neckline level and acted as support base. The inverse hammer was formed at retest level (giving sign for reversal). e) Entry Level: The correct entry level was above high of wick in inverse hammer candle. f) The stock got a momentum and confirmed with volume.
g) RSI Divergence and Fib Support from golden ratio.
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