As we see IRCTC was in good move from last few days
it was becouse of fundamental analys that stock is going to be split
But as i draw it was accending triange on hourly timeframe on 4th oct it wasnt giving brekout from 15th sept to 4th oct finally it brek that 3845 level and keep moving up
today suddenly irctc given big downside move it may be due to profit booking
But IRCTC has taken support @4998 as per my analys this may be fibonacci's 50 level
we can meke entry again in IRCTC @5000 tgt should be 6200 sl should be 4650 for swing trading
it was becouse of fundamental analys that stock is going to be split
But as i draw it was accending triange on hourly timeframe on 4th oct it wasnt giving brekout from 15th sept to 4th oct finally it brek that 3845 level and keep moving up
today suddenly irctc given big downside move it may be due to profit booking
But IRCTC has taken support @4998 as per my analys this may be fibonacci's 50 level
we can meke entry again in IRCTC @5000 tgt should be 6200 sl should be 4650 for swing trading