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Raghulramdoss
Oct 4, 2021 9:17 AM

Bullish view on IRCTC Long

INDIAN RAIL TOUR CORP LTDNSE

Description

The monopoly scrip is at the stage of breakout from a triangle pattern and also there's a volatility compression. I'm bullish on this scrip for both short term as well as lomg term. There's a stock split on 28th of Oct, try to hold it till record date as many new investors might invest in it for its lower cost which may further take this scrip up.

Trade active

By going with the Flag pattern, the target can be around 5130, let's see whether it reaches that level before split. This scrip had announced Dividend so try to hold this scrip till record date and book the dividend too.
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