Chalet hotels has given an inverted head and shoulders breakout. Currently, stock is consolidating above the neckline. A retest of 400-405 levels can give a good indication that the breakout is genuine and one can expect at least 100 points move which is the length of right shoulder. Long term targets can be 250+ points which is the length of the head. SL is deep around 30 points at 375 levels.
Note:- Idea is shared only for educational purpose and should not be considered as a recommendation.
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Retest and continuation. 458 from 404. Hold tight!
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485 from 404. 20% done !
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580+ from 404. Beautiful example of a pattern breakout