Reaon for long
a) breakout pull back zone with all 3 indicators positive ( Rainbow, Renko, and supertrend long)
these indicators are the speacific zone in the price action. confluence of these indicator along with price action like good engulfing candle ( in this case, it is bullish engulfing candle) indicating the bullishness.
b) breakout candle has good bullish volume candle and pull candle of bear candle has low bear volume,; This observation indicating the good bullishness in this stock. Hence SL compulsory and mind the position sizing as the position sizing principles.
c) SL compulsory as QQE is negative