TradingView
NSEBSEviewer
May 1, 2020 5:09 AM

IRCTC Long

INDIAN RAIL TOUR CORP LTDNSE

Description

Whoa,
Bullish Harami on Monthly TF.
Bye bye bears.
Bulls have taken the charge.

Volatility can be possible in Weekly TF, but it will be Bullish trend. mark my words.

Trade closed: target reached

Comments
atultatte84
My wife have 70 IRCTC share @1510 so what can i do
Plz tell me
NSEBSEviewer
@atultatte84,
after pandemic it is assume that avg equity will take new high of 30-40 %.
fundamentally it is good stock. CM valuation is ~19800 cr. it is worth of 50,000 Cr valuation.
means you have another 2-2.5x from cmp-1300.
your target should be 3000-3500 INR if you go for short term.
satyamsharma5407
I have irctc @ 1500, I can hold for next 10 years, what will be the price, plz tell
NSEBSEviewer
@satyamsharma5407, fundamentally good stock. but keep eye on market. if business loose its monopoly then dont hold it.
Market valuation/equity price will go along with revenue generated by company till it has exclusive rights of business.
More