Railway stock at pre-breakout level

Zaktualizowano
IRFC has recently moved to all time high and now has formed a symmetric triangle pattern. As per the price action on daily and weekly chart, currently it is trading at pre-breakout level and today closed with good volume.

Aggressive traders can initiate long position at CMP and safe trader can take entry once daily candle closed above the entry line. In short term, it can move upto 38-40 rupees and also looking good for positional trade. Stop loss will be below the swing which is around 31.

Happy trading :)
Zlecenie aktywne
Yesterday I shared analysis and today it rose more than 5%. It will rise more in coming days.
Transakcja zamknięta: osiągnięto wyznaczony cel
The stock rose more than 9% today and made a new lifetime high. Also, it has achieved 1st target. We can book some profit here and trail for the next targets with trailing SL as CTC.
Uwaga
Today again stock rose 9% and achieved the 2nd target. One still holding the stock can now trail with SL as T1 for next targets.
Uwaga
All targets are achieved within 2 weeks, enjoy profit and trail. :)
Multiple Time Frame AnalysisTrend LinesTriangle

Teaching you how to trade charts the ICT way.

Disclaimer: We are not SEBI registered. We don't provide any call/tips service. Don't copy any trade shared in this group without consulting your financial advisor. Contact me @thedisplacementtrader
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