Breakout trade

IRCTC is poised to give good returns with good risk to reward ratio as the setup looks good. A clear breakout from an ascending triangle pattern and a good consolidation since last 2 months. Breakout is supported by good volumes and RSI showing the charge of bulls. One can expect good returns in near short to mid term.

Disclaimer: Take this view for educational purpose. Trade/Invest on your own risk.

Happy trading, happy investing!