IRCTC - Bullish view (Inverted H&S,BB, Trend reversal)

Breakout Candle with below features :-

Key factor :- Dow theory reversal with HH & HL on hourly chart, Bullish divergence on oscillators (RSI,MACD, Stochastic)
1) Breaking out Angular trend line
2) Breaking out Head and shoulder Neckline
3) Challenging Upper Bollinger band
4) DI+ crossing DI- with ADX above 20
5) High Volume
6) RSI - 66.02
7) ema crossover 5>13>26 and candle crossing up 50 ema
8) Eaten up 3 bearish candles with major resistance B1,B2,B3

Entry :- Around Rs. 625-630 in Bullish candle after retesting
Target 1 :- Rs. 692 -712
Target 2 :- Rs. 766 (May be another trade on another resistance around Rs.700)

If we exclude 3 outlier- data points on top of the chart it has retraced 61% and we can expect it to rise up to 38% of top in single run which is around Rs. 712

Disclaimer: This is for information and educational purposes only, not any recommendations to buy or sell. I am not SEBI registered, please consult your financial advisor before taking any action.