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Trend line breakout formed in DEVYANI INTERNATIONAL !!! (NSE)

Oleh adillshaikh
On one hour time frame trend line breakout is formed in DEVYANI INTERNATIONAL. We can take long entry in it at 154 with a stop loss of 149 and target of 170. 1:3 R:R is possible easily. Also we may see the formation of cup and handle if small correction happened. In that case we can take entry after breakout at 157-158 with stoploss of low formed during handle formation. Here volume is great at time of breakout and RSI is also above 60 indicates the strength in stock.
DEVYANI
Chart PatternscupandhandlepatternTechnical IndicatorsTrend AnalysisTrend Line Break
adillshaikh

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