1. Flag pattern formation near the Upper blue dotted Trendline can be seen.
2. Any candle closing blue dotted or above flag pattern considered (Breakout)
3. Price Trading above the Horizontal Line is a safe Area for price to move up.
4. Any Closing candle below the orange Horizontal support line moves to the Bearish trend.
After the pull back from 0.382 Fib level, BAFL is currently trading above support level which shows upward momentum continues. Upward trajectory can move the share to its indicated resistance level of 43.50. If this level breaks then price can test 47.93 and 53.46. However, it can show a downward trajectory if it breaks support level of 37.48.
We can confirm our analysis on the basis of confluence in which candle closes above 21 EMA and volume seems to be huge. Considering this we can take a short profit, by buying this stock at closing price which is close to 41 and then apply a stop loss at 40.50 and can take profit around resistance zone which is 43 and it can be validated by Fibonacci retracement
