Stock Analysis Series - IRCTC - Bearish - Decision at Rs.740-750
Stock Analysis Series - IRCTC:
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** Daily Timeframe **
1. Forming Descending triangle pattern - Resistance keeps reducing with the same level of Support (Rs.800)
2. In this market crash, Volume is below its moving average. let's wait and see if it reach Rs.740-750 range.
3. Rs.740-750 range is the deciding range for upside or downside movement.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
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** Daily Timeframe **
1. Forming Descending triangle pattern - Resistance keeps reducing with the same level of Support (Rs.800)
2. In this market crash, Volume is below its moving average. let's wait and see if it reach Rs.740-750 range.
3. Rs.740-750 range is the deciding range for upside or downside movement.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
Trade active:
Stock price is moving up and flat