IRCTC Long Setup Pennant BreakoutIRCTC broke out from Pennant pattern after consolidating for 55 bars(daily). Breakout has good volumes and price is setting up for a target for 990 and above with a stoploss at 848. We can buy dips till 873, setup will be invalidated if prices crosess below stoploss level.
Breakoutsignal
PRAJ INDUSTRIES POTENTIAL UPSIDE MOVE.Praj industries had been consolidating within a range for a long time and there seems to be a breakout. But we need to wait for confirmation.
Points in favor of the upside move:
W pattern formed and neckline broken.
Breakout from range with a gap-up candle (full bullish candle)
How should we move ahead?
We need to wait for few days and see the price action to see if the bulls can sustain or the bears steps in. If price sustains above the marked white lines, we can plan for a long position.
TINPLATEeducational idea
Tinplate we expect the stock May go for given target levels to inspire us,Please like the idea If you agree with the analysis.