The Security is trading in a range at lower levels. The Security is consolidating between 480-410, we need to wait for the Index to break beyond this level, if the Security is able to break on either side, according to that we will suggest taking a position.

If the breakout is on the upside the Security has to close above 480, wait for one candle to close above this level, if it is able to close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Security has to close below 410 levels, wait for one candle to close below the level, if it is able to close below the mentioned level start selling.

ADOBE

Mar 30 2022