Possible Reversal in IRCTC

١٩ ديسمبر ٢٠٢٣

Yesterday, IRCTC entered in supply zone. Today it has made long legged Doji candle. Following factors may cause a reversal:
(i) Supply Zone (869-929)
(ii) oversold daily RSI (84)
(iii) too much distance between candle and 20 EMA

Disclaimer: This is not a buy / sell recommendation. I am just observing technical indicators.