Long the IRCTC stock - Analysis for 27 Oct 2021
Updated
Hello, This is my Technical Analysis for Indian Railway Catering and Tourism Corporation (IRCTC) stock.
According to my analysis the price will go up.
We should take a Buy entry at 4210
The target should be at 4390
Stop Loss at 4088
Note: This is just a Technical Analysis (it doesn't guarantee that the analysis will always be the correct) if by any chance we don't reach to our targeted price and you lose money then I will not be the liable person for your trade/investment on any particular asset that you have made, only you will be the responsible for your lose. Thank you for understanding.
According to my analysis the price will go up.
We should take a Buy entry at 4210
The target should be at 4390
Stop Loss at 4088
Note: This is just a Technical Analysis (it doesn't guarantee that the analysis will always be the correct) if by any chance we don't reach to our targeted price and you lose money then I will not be the liable person for your trade/investment on any particular asset that you have made, only you will be the responsible for your lose. Thank you for understanding.
Trade closed manually
The trade manually closed at point 4297 at 9:16 AM I'm updating this now as I was busy at some work.Trade closed manually
The trade was manually closed because the point 4297 made a strong resistance to go lower (downtrend).Trade closed manually
We took a Buy entry at 4210, Reached 4297, Target was 4390, Closed manually at 4297 because the point made a strong resistance to go downtrend, the profit was overall +2.07%.
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