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.

Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Community Manager (India), TradingView

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