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.

Comment:

Weekly Chart:
Descending Triangle Pattern

Comment:

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

Trade closed: stop reached:

fake breakout.

re-enter above 200 ema.

Trade active:

price closed above 200 ema with good volume.

Stop loss will be below today's candle low.