Whenever the budget comes there are some stocks that move up until the budget is announced, which mainly include Railways and Agriculture sector ones. IRCTC being a major will surely move up as it moved up last year from 900 to 1900 in just 1 month. Also, the recent trend is making ascending triangles and is signaling a breakout. The trend is very clear. BUY CALL...
Happy New Year
By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
This chart shows a date based on Moon Cycle, WD Gann Theory - for IRCTC - if you are stuck - do you want to hold till 15th Jan 2021 -plus minus 2-3 days.
Comment if you want to stay or you want to sell?
The stock seems to move in a price range , waiting for a news (Of railway reopening) to jump upto 1900 price range with a profit - loss ratio of 6.25. trade with stop loss near 1300.
IRCTC - On the verge of getting derailed... The bullet train drawn for fun, has infact provided the boundaries beyond which it will get derailed. SL 1295.
Disc:Not a SEBI Registered. I post charts for my own study.
IRCTC - Forming a bullet train shaped triangular consolidation. Which way it will break?. If break upward, 1595 in no time. Upcoming Festivals might help to open up few more trains. Let us see.
Discl - Charts for academic purpose. Take advise from your fin advisor for trades.
IRCTC has continuously made HL and finally taken support at 1320-1330. For it to break 1500 now it has to make a HL above 1414 where it faced resistance. if it take support and consolidate for some time there then 1500 can be broken easily.
You can buy small qty at 1320-1330 level and accumulate more at lower levels.
