IRCTC - Inverted head n shoulder breakout - 15% upside potential
IRCTC has formed inverted head and shoulder pattern.
A daily close above 675 will confirm further upside move.
Target: 730+, 770+
SL: Daily close below 640
Note: Railway theme/sector seems to be running good in the market, hence this is a good bottoming out pattern for IRCTC and could give good medium-long term returns and even re-test it's previous ATH of 1200 levels.
A daily close above 675 will confirm further upside move.
Target: 730+, 770+
SL: Daily close below 640
Note: Railway theme/sector seems to be running good in the market, hence this is a good bottoming out pattern for IRCTC and could give good medium-long term returns and even re-test it's previous ATH of 1200 levels.
Trade active:
Stock has picked up some upside momentum, looks good for long.