IRCTC Looks weak !!
Updated
IRCTC : cmp: 830.75
On the verge of break down.
Closed below previous low. Facing resistance near 850-860 level.
Closed below 50 DEMA. RSI trending down.
May test 800/785 level.
View negated above 858 level.
Sell on rise candidate.
Below 785 it may go up to 700-640 level.
can take position in future and option also.820/810PE can be look after.
if it opens lower wait for the bounce for shorting.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
If you find this helpful and want more trading/Investment Ideas.
Please show your support back,
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On the verge of break down.
Closed below previous low. Facing resistance near 850-860 level.
Closed below 50 DEMA. RSI trending down.
May test 800/785 level.
View negated above 858 level.
Sell on rise candidate.
Below 785 it may go up to 700-640 level.
can take position in future and option also.820/810PE can be look after.
if it opens lower wait for the bounce for shorting.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
If you find this helpful and want more trading/Investment Ideas.
Please show your support back,
LIKE & COMMENT
❤️ Your Support is very much appreciated ❤️
Note
1st tgt reachedTrade active
ND level achievedTrade closed: target reached
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