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Indian Railway Catering & Tourism Corp. Ltd.
Long
Updated

IRCTC : Time to travel.

3 126
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.


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Breakout
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Second Target of 765 achieved.
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"We just missed our fourth target of 920. I hope we can achieve it soon."

snapshot
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4th Target of 920 was achieved.
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Fresh targets are
1080/1125/1200
snapshot
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Achieved 1080
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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.

snapshot
S_Rawat
Also on:
chartanalysisChart PatternsFundamental AnalysisIRCTClongsetupStocksstocktradingTrend Analysis

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.
chartanalysisChart PatternsFundamental AnalysisIRCTClongsetupStocksstocktradingTrend Analysis
S_Rawat
Also on:

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.