IRCTC - H&S Breakout

The analysis based on :

- Inverse Head & Shoulder Breakout
- Close above ema 200
- Descending Triangle Pattern in weekly chart
- Volume Surge
- Gap

Short Term Target Rs 710 ; Stop Loss Rs 640

Thanks
-AJ

Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.

Commentaire:

Weekly Chart:
Descending Triangle Pattern

Commentaire:

Technical :
Close above ema 200 , trendline support and volume breakout.

Trade fermée: ordre d’arrêt atteint:

fake breakout.

re-enter above 200 ema.

Transaction en cours:

price closed above 200 ema with good volume.

Stop loss will be below today's candle low.