IRCTC is showing 3 patters - 1) Flag pattern breakout 2) Cup & Handle and 3) falling wedge breakout. We can expect a target of 914. The beauty is the flag pattern and cup and handle are showing same target. The falling trendline has been broken and we can expect the price to move up. Other parameters:
1. MACD positive 2. RSI positive
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!
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Price has hit our target of914 and restraced after that to move more up..Cheers!!!!
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Price hit 951, well beyond our target. Will update chart soon. Cheers!!!
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