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irctc fibonacci analysis

Long
NSE:IRCTC   INDIAN RAIL TOUR CORP LTD
s we can see stock hit 4000 + levels and falling from there and has already corrected 400 points now it must atleast fall till 38.2 % levels to bounce back and i have marked the upmove from there with arrow(next tarret all time high of 4670)
good luck
note it may bounce from 23.6 level also but i would not favor it
Trade closed: target reached: actually it is irctc and it directly hit the target :)