IRCTC has been trading in a tight range between 698 to 736 levels for the past three months.
Recently, it gave a decent breakout with optimal volume.
Currently, it is trading above 9 EMA (Orange Line), 20 EMA (Black Line) and 50 EMA (Blue Line).
Support levels: 713, 698
Resistance: 736, 790, 815
We can expect that a significant upward bullish trend in the market is likely if the price surpasses the specified resistance level of 736, assuming there is sufficient trading volume to support this movement. Such conditions are crucial for validating the strength of the bullish momentum.
Recently, it gave a decent breakout with optimal volume.
Currently, it is trading above 9 EMA (Orange Line), 20 EMA (Black Line) and 50 EMA (Blue Line).
Support levels: 713, 698
Resistance: 736, 790, 815
We can expect that a significant upward bullish trend in the market is likely if the price surpasses the specified resistance level of 736, assuming there is sufficient trading volume to support this movement. Such conditions are crucial for validating the strength of the bullish momentum.
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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.
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.