The stock has been showing good movement May Month .--> markup then cosolidation happened ... stock is moving toward the new level of 125 zone .... Monthly increase of max 11% has happened in previous months ... -> max this month 20% (super max) July opening of 108 has happened --- 108 *1.20 = 129.6 ( super max wick )
Possibility movement scenario === 1. break the red line goes up ---> retest the red line ==> finally shooting to 125 zone
2. forming triple top --> touches the red line ==> goes down to grey zone ( s/r zone )
no very safe option strategy possible until breakout or reverse happen
if breakout call spread might be good ...
retracement till 112 possible don't lose nerve of steel ...