PrabhatMishra

Price Action, Volume with S&R strategy

NSE:IRCTC   INDIAN RAIL TOUR CORP LTD
Firstly there was a breakout on 04/02/2021 with good volume , even before that the price was increasing and the volume of the trades was above 5 EMA of volume .
Another factor was EMA crossovers just before the breakout.
As the price increased there was an increase in volume consistently, then there was Doji formation with high volume in the next two candles, volume was really low. And then an engulfing candle was formed with high volume . after that it took support at 21 EMA , the very next candle was almost forming a hammer and after that, there was a crossover of EMAs. then it breached the resistance with high volume on 01/03/2021.
Looking forward to the next movements.
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