IRCTC after initial rally has been trading in a very congested channel from last 2 years.
The support has been maintained at 547 and trading in a channel making higher lows.
Once the breakout happens from consolidation then in 1-2 years you can see a target of 1900+
Stop Loss on monthly closing basis can be maintained at 545
All intermediate target are listed on the charts. for sure it will take out the lifetime high made previously.
The support has been maintained at 547 and trading in a channel making higher lows.
Once the breakout happens from consolidation then in 1-2 years you can see a target of 1900+
Stop Loss on monthly closing basis can be maintained at 545
All intermediate target are listed on the charts. for sure it will take out the lifetime high made previously.
交易進行
Trendline breakout on IRCTC daily charts. If you want a sureshot confirmation then wait for monthly closing above the trendline to invest. Intermediate targets for short term. 670 - 705 - 716.
註釋
Weekly breakout Confirmed. First intermediate target of 670 achieved.註釋
High Margin good news. IrCTC awarded contract to sell Delhi Metro tickets. Very positive ☺️ and higher margin than railway ticket sale.註釋
Very crucial week for Monthly trend breakout confirmation. Should get confirmation by Thursday 31st August. This breakout should take the stock to 925 in coming months post which 1000 plus will be confirmed.
註釋
Few intermediate targets done and monthly breakout also confirmed. Today was a news based rise so wait gor some torture by operators before it starts upward journey註釋
Buy again around 645 to 655 ... or near 20 EMA on weekly charts and hold註釋
Those who bought again at 645 range enjoy the money. Almost 1 lakh on 1000 shares. Again near 52 week high.... once breaks and sustains next level is 800, 842 and 889 (intermediate targets)註釋
Just missed the 800 target by 0.05 paise. Again need to wait for it.註釋
FIRST AND SECOND INTERMEDIATE TARGET ACHIEVED.註釋
Third intermediate target done. Now retracement or new highs註釋
640 to 889. At least 24k on 100 shares till now. The race is not over註釋
20 EMA on monthly chart is support in case of retracement.註釋
Closing above 889 monthly and weekly charts important for next rally irrespective of any retracement which may come due to elections next year.註釋
No close above 889, hence the fall but long term view still same註釋
For short term or cautious investor please consider 917 as stop loss on closing basis. There is bearish divergence on charts from 859 to 940 so do not enter now. Long term view still intact
註釋
It hit 917 but not on closing basis. Now crossed 1046. If it breaks the life time high and sustains then zoom註釋
Now getting ready for unmove.
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