Chalet hotes IHNS breakout

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Chalet hotels has given an inverted head and shoulders breakout. Currently, stock is consolidating above the neckline.
A retest of 400-405 levels can give a good indication that the breakout is genuine and one can expect at least 100 points move which is the length of right shoulder. Long term targets can be 250+ points which is the length of the head.
SL is deep around 30 points at 375 levels.

Note:- Idea is shared only for educational purpose and should not be considered as a recommendation.
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Retest and continuation.
458 from 404. Hold tight!
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485 from 404.
20% done !
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580+ from 404.
Beautiful example of a pattern breakout
breakoutBullish PatternsbuyondipchalethotelsHead and ShouldershospitalityinhsInverse Head and ShouldersTrend LinesVolume

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