IRCTC --- POSITIONAL --- 2022

Diupdate
IRCTC select as positional pick due to recent bullish breakout candle seen on Daily chart . IRCTC corrected 1250 sub level . and somewhere around 770 level found bottom support and consolidate few days this levels .. triangle formation on this consolidation last trading session breakout done with good volume .. both triangle and trend-line breakout clearly seen on chart. at buy level cmp 902 stock can give 10-20% upside momentum in short term.

Techncial bullish indicators .
1. triangle and trendline breakout
2. MACD bullish crossover from 0 line
3. RSI at 64 ( 60-80 ) Bullish
4. Trading abobe all SMA 20,50,200

BUY IRCTC @ 902

TARGET 1- 1000 TARGET 2- 1200 ( duration 15-20 Days )

Stop loss 780

* PLEASE DO OWN ANALYSIS.. THIS IDEA CAN HELP YOU FOR EDUCATIONAL PURPOSE... take call at own risk .!!

WISH YOU HAPPY TRADING. !!
Catatan
EDUCATIONAL TIP ; FACT ABOUT RSI.

correct level for setting RSI
Stock trading uptrend -- overbought 80 oversold 20
at consolidation -- overbought 70 oversold 30
at downtrend - overbought 60 oversold 20.

actually most of time RSI level set for standard 70 overbought 30 oversold is wrong. !
Bullish PatternsIRCTCpositionalTrend Analysis

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