AEGISCHEM - Ascending Triangle BO

AEGISCHEM
Buy-Above 220
Sl-190
T- 250 280 300+

The stock has been in a correction phase since Jun 2021. Bulls have showed their presence by making a bullish engulfing candle in weekly TF. Our entry is not completely based on candle but price action too. In daily TF there is a bullish price action building up. Stock has given breakout of ascending triangle. It has closed above 50 EMA in daily TF.
https://www.tradingview.com/x/iW63d0UD/

The stock looks for short term and mid term. Short term traders can easily get 15-16% move in a leg. Mid term traders can stick to it till targets are met.