IRCTC has followed same pattern previously where is sloped down on trend line and then gave healthy breakout. Should be on watchlist for 26-Nov-2019.
IRCTC is poised for its first wave-5 cycle on short to medium term. Since the IPO was done and shared listed only recently, it's tracing a 5-wave on 2-hr chart. The craze for the shares and skyrocketing of prices well defined the characteristics of Wave 3, that got completed some days ago. Its' since been dragging sideways on Wave 4. While I am not predicting...
IRCTC Oscillating within a Range. Long at Rs.880 at Support Level. Higher Breakout could be at Rs.916 where it would again Face Resistance.
short in intraday below 63 level
Last Price@718.50 - 15th Oct 2019 IRCTC which is a very common name across India because of their strong brand placement offering online bookings for Indian Railways got a stellar opening on the domestic exchanges yesterday. Similar to an experience of products like Colgate, Amul, etc– I still remember childhood days when we used to ask shopkeepers, not...