IRCTC Ready for Breakout | Watch 790–803 Levels Closely!

Jul 8

IRCTC is consolidating in a tight range and approaching a critical breakout zone near 790. A confirmed breakout above this level could trigger a strong upward rally toward higher Fibonacci targets. However, failure to break out may lead to a pullback toward key support levels.

📌 Key Technical Highlights:
Consolidation Zone: 772–781

Breakout Confirmation Zone: Above 790–803

Uptrend Support: Rising trendline intact

Volume: Stable with slight rise on green candles

Fibonacci Levels Used for targets and support zones

🎯 Upside Target Levels:
Target 1: 820

Target 2: 852

Target 3: 897 (Monthly Target)

⚠️ Downside Risk Levels (if breakout fails):
Support 1: 772

Support 2: 743

Deeper Support: 711 and 695 (trendline break risk)

📈 Strategy Outlook:
Bullish Bias: If IRCTC closes above 803 on strong volume, go long with a tight SL at 781.

Bearish Scenario: If the stock fails to break 790 and closes below 772, expect a correction.

Positional Entry: Above 803 for targets up to 897.

SL for Longs: 772 (or trendline support near 761).

🛡️ Disclaimer:
This analysis is for educational purposes only and is not investment advice. We are not SEBI-registered analysts. Always consult your financial advisor before making trading decisions. Trade at your own risk.

Jul 16

Note

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