The stock has broken down and took support at the support zone near 280. Trade is supported by brokerage calls and Supports Nearby.
The support zone is the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones and 200 EMA. Target is placed near the all-time high and is supported fundamentally.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline and 200 EMA are broken after results, it may be a better option to exit.
The support zone is the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones and 200 EMA. Target is placed near the all-time high and is supported fundamentally.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline and 200 EMA are broken after results, it may be a better option to exit.