**Edit: 23–04–2020**
As previously said by us, the stock was also in the upper circuit zone for more than 10 sessions and again trading started. If we analyse it **for shorter-term then Rs.1645 is a resistance zone, and support is at Rs.1210.30. If bulls carry on the momentum above 1650 then we can also expect 2310, but it seems a little difficult.** **On a broader basis for investment purpose, every new position above Rs.1550 will be in the danger zone** and whenever correction again comes or if the financials are checked that what amount of damage has happened due to corona the bears will attack. **We should not make the mistake of considering IRCTC as the whole Railway Network itself.** The whole of Railways has come up with many points in the discussion to cost-cutting after the lockdown opens up.
**Edit: 27–03–2020**
Seeing the current technical structure of the stock, IRCTC was in the **lower-circuit zone for more than 10 continuous sessions. **As now the circuit is opened and hit the buyer circuit today, some idiots may jump around and may jump in IRCTC to cry later. Because Markets are supreme commander, **2020 crash of the stock market** and still some idiots come in social media to prove their propaganda. I always believe respect the elders and seniors of the market and don’t try to share your little knowledge to them. **In such a scenario the stock can go around 870–915–1041 levels** and again correction may start. Only traders, if they can handle volatility, should enter or stay away from this.
**Edit: 24–02–2020**
Technically the stock is facing Lower-Circuits daily. As per our review, the stock was too much over-valued in the time of over-optimism. Now when the global markets have corrected and our own country facing a lock-down of 21 days and whole passenger transport is totally stopped. This stock technically has a downside from 767–492 levels. Once the situation around us normalises this stock will also recover and maybe it will be a good buying opportunity on the downside.
**Technically once the stock moved above the price of Rs.1500 we were expecting a strong correction** but the stock was moving only upwards. Some people had started to believe that no correction will ever come in this stock and once the global markets were hit was Corona Virus the market started a correction and all the over-valued stocks have been hit very badly. **This stock will only be attractive around Rs.800 or even below.** As most states have told people to avoid travel Airlines Industry have been affected so do the Railways. And the trains managed by IRCTC are premium trains. In the near term, it will be affected with the revenue issues but once the situation in India and around the globe improves, this stock will again perform. But charts had way before signalled a correction. But everyone becomes an expert in Bull Market.
As previously said by us, the stock was also in the upper circuit zone for more than 10 sessions and again trading started. If we analyse it **for shorter-term then Rs.1645 is a resistance zone, and support is at Rs.1210.30. If bulls carry on the momentum above 1650 then we can also expect 2310, but it seems a little difficult.** **On a broader basis for investment purpose, every new position above Rs.1550 will be in the danger zone** and whenever correction again comes or if the financials are checked that what amount of damage has happened due to corona the bears will attack. **We should not make the mistake of considering IRCTC as the whole Railway Network itself.** The whole of Railways has come up with many points in the discussion to cost-cutting after the lockdown opens up.
**Edit: 27–03–2020**
Seeing the current technical structure of the stock, IRCTC was in the **lower-circuit zone for more than 10 continuous sessions. **As now the circuit is opened and hit the buyer circuit today, some idiots may jump around and may jump in IRCTC to cry later. Because Markets are supreme commander, **2020 crash of the stock market** and still some idiots come in social media to prove their propaganda. I always believe respect the elders and seniors of the market and don’t try to share your little knowledge to them. **In such a scenario the stock can go around 870–915–1041 levels** and again correction may start. Only traders, if they can handle volatility, should enter or stay away from this.
**Edit: 24–02–2020**
Technically the stock is facing Lower-Circuits daily. As per our review, the stock was too much over-valued in the time of over-optimism. Now when the global markets have corrected and our own country facing a lock-down of 21 days and whole passenger transport is totally stopped. This stock technically has a downside from 767–492 levels. Once the situation around us normalises this stock will also recover and maybe it will be a good buying opportunity on the downside.
**Technically once the stock moved above the price of Rs.1500 we were expecting a strong correction** but the stock was moving only upwards. Some people had started to believe that no correction will ever come in this stock and once the global markets were hit was Corona Virus the market started a correction and all the over-valued stocks have been hit very badly. **This stock will only be attractive around Rs.800 or even below.** As most states have told people to avoid travel Airlines Industry have been affected so do the Railways. And the trains managed by IRCTC are premium trains. In the near term, it will be affected with the revenue issues but once the situation in India and around the globe improves, this stock will again perform. But charts had way before signalled a correction. But everyone becomes an expert in Bull Market.