johntradingwick

Soril Infra - Breakout with good volume

Long
NSE:SORILINFRA   SORIL INFRA RESOUR
The stock was in accumulation for the last one month. It broke out of the range with good volume and formed a higher high. The market structure is now Bullish . The price broke out of 200MA and retested it successfully to turn it into support. A somewhat inverse head and shoulder pattern can also be seen.

Targets: 158, 183, 219.

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

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