NSE:IRCTC looks bearish. Death cross is there and on top of that multiple bearish candles on chart. The kind of bearishness it's holding can show 615 levels soon.
Government has launched an OFS in IRCTC at a discount and that has caused the stock to correct. I do expect it to recover soon however, i would like to initiate fresh buying in this only above 705-710. Be watchful.
IRCTC - looks like a dark horse and very strong script for long term..
after all the initial euphoria the stock rallied a lot and lot of retails got stuck at higher level , after correction it took support at 61.8% retracement of its IPO to ATH price.
Retailers have mostly got frustrated with this script and have exited in loss and stock seems to have started its...
Stock Name - Indian Railway Catering & Tourism Corporation Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 762
#This is not Buy and Sell recommendation to...
Stock Name - Indian Railway Catering & Tourism Corporation Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 730
#This is not Buy and Sell recommendation to...
NSE:IRCTC looks Bullish.
All the Stocks in this Railway Sector have picked up significant momentum & have given a breakout/ near a significant breakout level.
These Stocks include:
NSE:IRCON
NSE:RVNL
NSE:IRFC
NSE:RAILTEL
Volume Profile looks good!
Have mentioned Entry, Exit & StopLoss on the Chart.
All the best. Manage your risk wisely!
After the formation of ending diagonal stock has given an upside impulsive rally and undergone into a corrective phase. The recent price action suggests that corrective phase has been over and stock is ready for another leg of impulse on the upside.
One should buy the stock in the current levels or on dips near 730 zone , keeping SL of 660 look for the tgt of...
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note I have already bought IRCTC shares for my own portfolio and also we can use this research again for my own portfolios. So don't influence yourself by this research. Please note before investing according to this...
