IRCTC - Breakout Opportunity

١٦ ديسمبر ٢٠٢٤

Date: 16-Dec-2024
LTP: Rs. 842.50
Targets: (T1) Rs. 983 --> (T2) Rs. 1,049 --> (T3) Rs. 1138 --> (T4) Rs. 1,279
SL: Rs. 783

Technical View:
• IRCTC is in primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching a high of 1,138.90 on 23-May-2024, it has retraced 31% to 783 level.
• IRCTC has recently breakout from it's secondary downtrend with high volume.
• IRCTC is trading above 20 DEMA since last few sessions.
• RSI is in buy zone and trading at 54.65. MACD has given bullish crossover and trading at 2.12.
• Both RSI and MACD are showing positive divergence, indicating trend reversal.
• Looking good to start a new swing from here.

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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. My ideas are published for learning purpose only and are available to everyone at no cost/charge.

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أغلقت الصفقة: تم الوصول لوقف الخسارة

27-Dec-2024
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LTP: Rs. 779.25
Call closed as stop loss broken.