IRCTC : Time to travel.

7 Jun 2023

IRCTC Good buying opportunity in IRCTC .

• BUYING RANGE: 650-660 ( After breakout)
  
  Case1-
  Good to buy after breakout of the Trend line ie. @650-660.
  Put Stop loss of 610.
  
  Case2-
  Second opportunity : if found around the Previous Demand Zone of 560-580.
  Put Stop Loss of 545-50
  
  TARGETS :
  T1- 710
  T2- 765
  T3- 840
  T4- 920
  
  WHY IRCTC:
  1- Breakout of long term Trendline.
  2- Taking good support from the Demand zone of 560-600
  3- Good Risk to Reward Ratio.
  
  

Thanks for your Support.


Disclaimer:
This idea is only for the Educational purpose only, Kindly trade at your own Risk.

18 Jun 2023

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Breakout

8 Sep 2023

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11 Des 2023

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Second Target of 765 achieved.

23 Des 2023

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29 Des 2023

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"We just missed our fourth target of 920. I hope we can achieve it soon."

7 Jan 2024

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4th Target of 920 was achieved.

9 Apr 2024

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Fresh targets are
1080/1125/1200

20 Mei 2024

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Achieved 1080

23 Agu 2024

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IRCTC is currently supported at the 900 level, with additional reinforcement from the 200-day moving average. Furthermore, the Relative Strength Index (RSI) indicates favorable conditions. Therefore, it is advisable to consider adding to positions above the 950 mark.