After a long uptrend ; the stock accumulated since almost 1 year,
There is very low volume trading in accumulation (Consolidation) phase
stock gave BO with volume and massive 10% bullish marubozu candle breaking previous lower high in last trading session; but strong buying force left some inefficiency behind and created Fair value gap.
Now better to wait till filling of gap and again bullish price action in Lower time frame; possible entry can be done near 195-205 (Possible Order block entry) which may give a fair Risk:Reward ratio.
Before giving big move there was gap up opening on 25 November 2024 and it closed around 7% higher than previous day close ; but throughout trading session the gap almost filled so it may less likely that price may retrace till that level (Again nothing works 100% - it is as per my analysis- can be wrong also).
Sl can be 5-6 % lower and targets can be 20-25% from entry point.
Wait and watch...
Please do your analysis and let me know your ideas.