INDIAN RAIL TOUR CORP LTDUpdated IRCTC- Trade Setup for Sept Expiry Week
Hourly Chart - After giving a marathon run the stock is consolidating in the range 3550 - 3940. Within the given range, since the last 2 trading sessions, the stock has remained in zone 3640 - 3750. Upon breakdown/breakout from the 90 points zone, below will be the swing trade opportunity
Breakout -
T1 - 3830
T2 - 3940
SL - 3640
Breakdown -
T1 - 3550
T2 - 3400
SL - 3750
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Breakout -
T1 - 3830
T2 - 3940
SL - 3640
Breakdown -
T1 - 3550
T2 - 3400
SL - 3750
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Trade closed: target reached
Both the targets were achieved. Those who want to carry long positions may carry the same with a strict SL of 3780. Markets may witness today's pullback being continued for 1-2 more sessions.
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