technofunda_trader

IRCTC ready for the uptrend!🤩💸🔥

Long
NSE:IRCTC   INDIAN RAIL TOUR CORP LTD
Buy IRCTC for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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💡Future View:
With the easing of covid restriction, improving vaccination rate and increase in travelling will lead to healthy growth in revenues for IRCTC in the coming quarters. Apart from internet ticketing, the company’s focus on e-catering initiatives and increasing revenues from advertisement & license fees bodes well for the long term profitability of the company.
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✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted a good Q2 result & is very likely to post an even stronger result in Q3 too.
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❇️The stock is been on a long term uptrend. It is in the retracement phase from Oct 2021 with strong volume buying coming near major support shown. With the recent Volume Breakout of the last Lower High, the stock seems to have completed its retracement & now is poised for a big rally from current levels.
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💎@technofunda_trader⁠
Few Important rules from my Trading Philosophy:⁠
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
⁠5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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