Short on IRCTC trade-Time frame Mar2023

Feb 16, 2023

CMP 640, Target 500, Time frame march 2023. Expecting the IRCTC to trade at the levels of 500 by march 2023. Based on the continuous downtrend for the last 3 consecutive months , and expecting to touch the lower end of the Bollinger band. Expecting the target to hit within next 1month . One can trade sell futures at CMP or buy put options in HAL with the target given . The view is mine . It’s not a buy : sell recommendation.

Feb 22, 2023

Trade active

20 points down from the CMP.hold for bigger profit

Feb 23, 2023

Trade active

40 points down . One can still hold for bigger gains.

Mar 31, 2023

Trade closed manually

CMP on expiry day at 560 ,80 Points down from the recommended levels, 875 per lot size =875*80=70,000 booked profit per lot.