What next in IRCTC ?

Oct 20, 2021

IRCTC

Today it took support from 21DMA which is placed at 4366.51 level. Which is a good sign at this moment. Breakdown of it will lead it to 4000 level.
Further breakdown of 4000 level will lead it to 3580 level. 50DMA is placed near this level.

If we apply FIB retracement on daily time frame then we can see that immediate support is at 4000-4018 level range.

I can see profit booking to continue till 4000 -4050 level. From this level if it shows the reversal then it will be buy trade.





Note: This is my personal opinion. this is not any trade recommendation. I may be wrong or right.
Please do your own study before taking trade.