IRCTC BUY CALL, Budget Times : All Railways Stock move upWhenever the budget comes there are some stocks that move up until the budget is announced, which mainly include Railways and Agriculture sector ones. IRCTC being a major will surely move up as it moved up last year from 900 to 1900 in just 1 month. Also, the recent trend is making ascending triangles and is signaling a breakout. The trend is very clear. BUY CALL FOR IRCTC, hold for 1 month, and EXIT 2 - 3 days before the budget is announced. Good Luck.
IRCTC trade ideas
IRCTC - Bullet Nosed - StragnualtionIRCTC - Forming a bullet train shaped triangular consolidation. Which way it will break?. If break upward, 1595 in no time. Upcoming Festivals might help to open up few more trains. Let us see.
Discl - Charts for academic purpose. Take advise from your fin advisor for trades.
IRCTC LONG IDEAIRCTC has continuously made HL and finally taken support at 1320-1330. For it to break 1500 now it has to make a HL above 1414 where it faced resistance. if it take support and consolidate for some time there then 1500 can be broken easily.
You can buy small qty at 1320-1330 level and accumulate more at lower levels.