IRTCT touch 1000 mark soon !Stock has rallied nearly 127.8% as compared to 19.3% for the Nifty500, in the last twelve months. The EPS good is exceptional indicating strong outperformance in earnings growth.
Accumulation/Distribution Indicator showing strength This indicate heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.
Today Irctc has crossed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 4.5% up on a 32.2% greater volume than the 50-day average. Rising stocks often rebound from their 50-day lines as big investors use it as a reference point to add shares to their positions, creating a price support. You may want to keep an eye on the stock for further supporting actions.
Stock also breaks major trendline and near to 23.8% retrcement level. Once Breack 850 level it's touch 1000 marks soon.
