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IRCTC is moving in a range of 1315-1415 for the last 2 months, with low volume .
The longer & shorter duration multiple moving averages have compressed.
A breakout above Rs . 1415 can trigger a long-term uptrend. A weekly close above Rs . 1415 is also important.
Trading plan:
π BUY above Rs . 1415
π SL 1315 (around 7-7.5%). Size your position accordingly.
π Target - First target can be around 1750-1800 levels. The rest can be trailed.
The longer & shorter duration multiple moving averages have compressed.
A breakout above Rs . 1415 can trigger a long-term uptrend. A weekly close above Rs . 1415 is also important.
Trading plan:
π BUY above Rs . 1415
π SL 1315 (around 7-7.5%). Size your position accordingly.
π Target - First target can be around 1750-1800 levels. The rest can be trailed.
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SEBI Registered Research Analyst.
SEBI Registered Research Analyst.
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