onerighttrade

FY21-22 Swing Trade Idea #74: Long on IRCTC

Long
NSE:IRCTC   INDIAN RAIL TOUR CORP LTD
This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap .
Order cancelled: This opened above my buy price and went up by 3%. cannot buy now and RR will dip below 1. Also, don't want to buy now if it comes down at my entry price, so cancelling this trade.
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Comments

on which basis u decided the target ?
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onerighttrade light_kumar
@light_kumar, There are different ways of deciding target, so nothing specific. If you are asking for this stock, the target is likely to be upper end of ascending channel. For channel, you need to draw lines joining swing high and swing lows and then you will get the idea. Also, my focus is more on stoploss than target, always.
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