IRCTC trade ideas
HONEYMOON IS ABOUT TO OVER.. JUST WAITING FOR PRZ....DISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
IRCTCIRCTC (CMP 926)...
After a stellar Listing,Stock has been trading in Range from last 3 months...
Stock has formed good base around 850 ...
Stock can test 950 breaking that can see 1000/1050+ in coming Months..
Support 850
IRCTC in a bearish descending triangleIRCTC is currently trading in a bearish descending triangle. The price should break down to a measured move to 0.5 fib levels which is at 820ish. Daily RSI over brought. Also it broke below the 200 period MA on hourly chart.
