IRCTC : Time to travel.

Jun 7, 2023

IRCTC Good buying opportunity in IRCTC .

• BUYING RANGE: 650-660 ( After breakout)
  
  Case1-
  Good to buy after breakout of the Trend line ie. @650-660.
  Put Stop loss of 610.
  
  Case2-
  Second opportunity : if found around the Previous Demand Zone of 560-580.
  Put Stop Loss of 545-50
  
  TARGETS :
  T1- 710
  T2- 765
  T3- 840
  T4- 920
  
  WHY IRCTC:
  1- Breakout of long term Trendline.
  2- Taking good support from the Demand zone of 560-600
  3- Good Risk to Reward Ratio.
  
  

Thanks for your Support.


Disclaimer:
This idea is only for the Educational purpose only, Kindly trade at your own Risk.

Jun 18, 2023

Trade active

Breakout

Sep 8, 2023

Trade active

Dec 11, 2023

Trade active

Second Target of 765 achieved.

Dec 23, 2023

Trade active

Dec 29, 2023

Trade active

"We just missed our fourth target of 920. I hope we can achieve it soon."

Jan 7

Trade active

4th Target of 920 was achieved.

Apr 9

Trade active

Fresh targets are
1080/1125/1200

May 20

Trade active

Achieved 1080

Aug 23

Trade active

IRCTC is currently supported at the 900 level, with additional reinforcement from the 200-day moving average. Furthermore, the Relative Strength Index (RSI) indicates favorable conditions. Therefore, it is advisable to consider adding to positions above the 950 mark.