IRCTC stock is in a strong Uptrend & forming new highs.
There is a Rally-Base-Rally Demand Zone formation around 1045.
If the stock retraces to the demand zone, it will offer a good opportunity to go long and join the uptrend.
Stop Loss to be placed slightly below the demand zone, preferably on a candle closing basis.
First target will be the immediate swing high , where one can book partial profits & trail the rest for bigger gains.
There is a Rally-Base-Rally Demand Zone formation around 1045.
If the stock retraces to the demand zone, it will offer a good opportunity to go long and join the uptrend.
Stop Loss to be placed slightly below the demand zone, preferably on a candle closing basis.
First target will be the immediate swing high , where one can book partial profits & trail the rest for bigger gains.
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