After a strong upmove with a bullish engulfing candle on 21st June, IRCTC pulled back to 50% of its upmove (1), and has today turned bullish with 4 MA making a definitive cross above 9 MA, signalling start of a fresh upmove. I will look for a target of 2220 in the coming few sessions. I will keep a SL below 2050 on a closing basis.
Trade closed: target reached