IRCTC gave today breakout with 9% move in single day.
Good volume on daily chart. Not generated here as the week have 4 more days to go.
It is today at ALL TIME HIGH.
There is risk when trading in stock which is trading at all time high.
So if I enter I will keep STRICT STOPLOSS.
Stay cautious as the money flow index have turned downwards, that's not a good indication, so if it continued to do down this may be false breakout or this is because the new SEBI margin rules. Volatility and liquidity is decreasing.
This is a little bit confusing scenario.
This is my own analysis. Hope you like it.
This post is for information purpose only.
Good volume on daily chart. Not generated here as the week have 4 more days to go.
It is today at ALL TIME HIGH.
There is risk when trading in stock which is trading at all time high.
So if I enter I will keep STRICT STOPLOSS.
Stay cautious as the money flow index have turned downwards, that's not a good indication, so if it continued to do down this may be false breakout or this is because the new SEBI margin rules. Volatility and liquidity is decreasing.
This is a little bit confusing scenario.
This is my own analysis. Hope you like it.
This post is for information purpose only.
הערה:
Retested the trendline and a bullish move now have begun.
הערה:
After retest, moved around 13% till now.
הערה:
Today made high of 3758.8.
More than 77% in few months.
More than 77% in few months.
Also unlock theme candidate.