IRCTC : Is it a BUY now ?
#IRCTC Share Price are UP today. Why so?
📊 Earnings Recap: IRCTC delivered decent Q3 numbers and sweetened the deal with a dividend announcement! But the real game-changer? Maha Kumbh-driven travel surge could fuel an even stronger Q1 performance! 🚆🔥
📉 Currently bouncing from its weekly support zone (₹650-625), but the real demand zone sits at ₹580-540 if the broader market correction continues.
📈 Upside Potential: Resistance at ₹710, then ₹720-740—but for any sustainable breakout, IRCTC must cross & HOLD ₹700 convincingly!
💰 Valuation Check:
Trading cheaper vs its 5-year average, but the ₹580 support remains the best accumulation zone for long-term investors.
🎯 Key Levels to Watch:
✅ Support: ₹650 → ₹625 → ₹580-540
🚀 Resistance: ₹710 → ₹720-740
💡 Sustained breakout only above ₹700!
#IRCTC #StockMarket #TechnicalAnalysis #learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading #sebiregisteredra
📊 Earnings Recap: IRCTC delivered decent Q3 numbers and sweetened the deal with a dividend announcement! But the real game-changer? Maha Kumbh-driven travel surge could fuel an even stronger Q1 performance! 🚆🔥
📉 Currently bouncing from its weekly support zone (₹650-625), but the real demand zone sits at ₹580-540 if the broader market correction continues.
📈 Upside Potential: Resistance at ₹710, then ₹720-740—but for any sustainable breakout, IRCTC must cross & HOLD ₹700 convincingly!
💰 Valuation Check:
Trading cheaper vs its 5-year average, but the ₹580 support remains the best accumulation zone for long-term investors.
🎯 Key Levels to Watch:
✅ Support: ₹650 → ₹625 → ₹580-540
🚀 Resistance: ₹710 → ₹720-740
💡 Sustained breakout only above ₹700!
#IRCTC #StockMarket #TechnicalAnalysis #learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading #sebiregisteredra
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.