Irctc _ time to add After long getting some interesting point to add irctc in portfolio now
1. On weekly taking support of EMA100.
2. On monthly trying to take support of EMA20 abv 600.
3. If we check fib retracemnet, taking support on Golden Ratio 0.618 n taking bounce.
4. If we put Anchored VWap on 1st candle on monthly chart, it's taking support of AVWAP' high, also it's the point where institutions enter and support price and take it upside as AVWAP shows their avg buying, so they try to push price high to avoid loss and remain in profit.
5. On log chart it's on bottom of the chart so should start it's upside now.
However all above points does not mean it will rocket in no time, whereas it shows the time to enter in stock for long term , above 640, there are minor resistance like 715 and 812, for 830 and 1000 target which is apprx 40 and 68% target.
On daily chart showing HH structure and bullish divergence on 2H chart. Perfect time to enter with small SL of 530.
