IRCTC trade ideas
IRCTCCurrently taken support of ema20 and trend line from jun21, below holding a great support at 803, if market turns green this would be the level for irctc to reverse upside, however currently rsi is below 60 and upside resistance at 954, so would be good level to buy once rsi is >60 and closes above resistance 954.
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Long the IRCTC stock - Analysis for 27 Oct 2021Hello, This is my Technical Analysis for Indian Railway Catering and Tourism Corporation (IRCTC) stock.
According to my analysis the price will go up.
We should take a Buy entry at 4210
The target should be at 4390
Stop Loss at 4088
Note: This is just a Technical Analysis (it doesn't guarantee that the analysis will always be the correct) if by any chance we don't reach to our targeted price and you lose money then I will not be the liable person for your trade/investment on any particular asset that you have made, only you will be the responsible for your lose. Thank you for understanding.
Buy IRCTC This is one of my dark horses. I have been recommending this share since 1830 and today I’m giving my 6th buy recommendation for the target of 5000. A short term trader should keep a SL of 3750, whereas an investor should keep a deep SL of 3622 and accumulate this stock on each dip.
View - short term.
Time - 1 month.
IRCTC, Bullish on longer Time framesGood price action, after a sharp rise in price, good consolidation being witnessed on the stock.
Price is again trading in range, mostly a halt after a sharp rise, getting ready for the next move.
INR 3700 to INR 3500 should be a good support zone and buying zone.
Price is headed back towards its 20Day SMA, RSI is biased towards the bulls too, all in all, looks at a good formation!