IRCTC - Will the History repeat again? Big moves after 15th Dec?
CMP: 835.45
TF: Daily
Price has been consolidating at/around 780-820 levels. On 18-Dec-2023, the script formed a big wide range bullish bar and picked up the momentum thereafter.
I have just tried to depict/compare/corelate the moves happened around Nov-Dec 2023 vs Nov-Dec 2024 and presented the chart here.
This doesn't mean or validate that same kind of structure will playout.. But There is always something about history repeating in Financial markets.
As far as general technical analysis is concerned, price has halted and reversing from the previous demand zone of 780-800
I have posted a detailed view on IRCTC with wave counts at
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
TF: Daily
Price has been consolidating at/around 780-820 levels. On 18-Dec-2023, the script formed a big wide range bullish bar and picked up the momentum thereafter.
I have just tried to depict/compare/corelate the moves happened around Nov-Dec 2023 vs Nov-Dec 2024 and presented the chart here.
This doesn't mean or validate that same kind of structure will playout.. But There is always something about history repeating in Financial markets.
As far as general technical analysis is concerned, price has halted and reversing from the previous demand zone of 780-800
I have posted a detailed view on IRCTC with wave counts at
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.