IRCTC 🚆 IRCTC Breaks Out – A Strong Upside Move Ahead? 🚀
IRCTC has successfully broken out of the falling resistance trendline, signaling a potential trend reversal. The price is now trading above key EMAs, adding strength to the breakout.
📌 Key Observations: 🔹 Breakout from a prolonged downtrend resistance 🔹 RSI showing bullish momentum, supporting the move 🔹 Immediate resistance zone near ₹948 – a crucial level to watch 🔹 Upcoming results expected to be strong, which could act as a further catalyst
With technical and fundamental factors aligning, IRCTC could be set for a strong upward move in the coming weeks. Keeping an eye on volume and price action around the resistance zone will be key! 📈🔥
What’s your view on IRCTC? Let me know in the comments! 👇
IRCTC Daily Chart Technical Outlook Now we have a breakdown of the Darvas Box with a 'Break of Structure' of the compression zone. Today's bearish candle has opened the lower levels of 7% to 8%.