One can have a look at the TARA JEWELER STOCK, its in falling trend from long time, but last 6 months it has done good consolidation at 85-95 range.
with the current chart we can see that stock has given a recent high, but at that level its having a trendline resistance.
If we look at rsi we can see that rsi given a good divergence when stock made new bottom recently, now only thing matter is price confirmation in this.
with the recent high in price rsi touch the overbought zone, but if we look at the price its still in a small range now.
so here we can expect that price can do some more consolidation here till we see calmness in rsi, and once this consolidation over then rsi will try to start its move again with the price action.
so as per basic study we can see that if price above to move above 103 then one can buy in this stock with intimidate support at 90 on intraday basis for up move till 115 for intraday, if it give close above 103 then hold small delivery with 80 as support level, in coming days if stock move above 115 and close above 115 then one can hold it with 80 as sl and can add more above 115 for target till 135-165-185 as we see that moving above 115 and closing above 115 for two session can change its long term down trend toward the upper move, but for a short period above 103 it can look to touch the resistance in a range of 113-115