Indian Railway Catering & Tourism Corporation - IRCTC - Breakout
Date: 1-Apr-2024
Rating: Buy - Positional Trade
LTP: Rs. 970.15
Targets: (1) Rs. 1,049 --> (2) Rs. 1,118 --> (3) Rs. 1,279
SL: Rs. 930
Technical View:
•
IRCTC is in its primary uptrend since Oct-2023 and was recently going through it's secondary downtrend.
• After touching the high of 1,049 on 20-Jan-2024, it has retraced 18% to 862.75 level.
•IRCTC has broke out from its secondary down trend on 1-Apr-2024 with higher than average volume.
• RSI has crossed over 50 on 21-Mar-2024. MACD has crossed over 0 on 1-Apr-2024.
• On 21-Mar-2024 it has closed above 20 DMA.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy - Positional Trade
LTP: Rs. 970.15
Targets: (1) Rs. 1,049 --> (2) Rs. 1,118 --> (3) Rs. 1,279
SL: Rs. 930
Technical View:
•
IRCTC is in its primary uptrend since Oct-2023 and was recently going through it's secondary downtrend.• After touching the high of 1,049 on 20-Jan-2024, it has retraced 18% to 862.75 level.
•
IRCTC has broke out from its secondary down trend on 1-Apr-2024 with higher than average volume.• RSI has crossed over 50 on 21-Mar-2024. MACD has crossed over 0 on 1-Apr-2024.
• On 21-Mar-2024 it has closed above 20 DMA.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
הערה
12-Apr-2024---------------
LTP: Rs. 1,057.65
1st target of Rs. 1,049 reached. 9% up from suggested level.
NEXT TARGET: Rs. 1,118
עסקה סגורה: היעד הושג
7-May-2024--------------
Broke down the trend line and closed below 20 DMA & 21 DEMA. Both RSI and MACD are giving bearing view. Closing the call to book profit.
LTP: 993.50
P&L: +2%
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.