IRCTS GETTING READY FOR AN UPMOVE AFTER 55% CORRECTION

IRCTC made a very good Falling wedge pattern and gave a breakout of that 2 weeks back.

It has been consolidating in a range for 2 months now and yesterday gave a breakout of that range.

These multiple bullish signs show that the stock is getting ready for an upmove now. Buy above 640

level for 1st target 665 (which is also it's 100 EMA. Once this level is breached it can move to next

targets 708 and 765 positionally.

Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.

I always encourage partial booking 1-2% profits and use a strict trailing stop loss.

Idea is positional and only carry position on day closing basis.

Learn & earn,

Dr . Tanya Kumar

Comment:

It's IRCTC... NOT IRCTS... TYPO!