Amadeus Fire is trading in a range. It is consolidating between 114.3-97.66, and need to wait for the security to break beyond this level, If the stock breaks on either side, the following are the conditions that need to be followed.

If the breakout is on the upside the security has to close above 114.3 levels, wait for one candle to close above this level, and if it can 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 97.66 levels, wait for one candle to close below the level, and if it can close below the mentioned level start selling.

Range Bound

Oct 28 2023