Indian Railway Catering & Tourism Corp. Ltd. (IRCTC) [Q2]
This daily chart for Indian Railway Catering & Tourism Corp. Ltd. (IRCTC) presents a bullish reversal setup based on structural support:
Current Price: The stock is trading at 503.25, up +6.75 (+1.36%).
Technical Setup:
Entry Zone: The chart identifies an "ENTRY" point near an SSL (Sell Side Liquidity) and ORDER BLOCK support area.
Stop Loss (SL): An "SL" level is placed just below the entry support zone.
Fibonacci Targets: The chart employs Fibonacci retracement levels to project potential "TP" (Take Profit) targets, specifically looking at the 0.5 and 0.618 levels as upward objectives.
Outlook: The large green arrow indicates an expectation for the price to rebound from the current support zone and trend upward toward the identified Fibonacci resistance levels.
Current Price: The stock is trading at 503.25, up +6.75 (+1.36%).
Technical Setup:
Entry Zone: The chart identifies an "ENTRY" point near an SSL (Sell Side Liquidity) and ORDER BLOCK support area.
Stop Loss (SL): An "SL" level is placed just below the entry support zone.
Fibonacci Targets: The chart employs Fibonacci retracement levels to project potential "TP" (Take Profit) targets, specifically looking at the 0.5 and 0.618 levels as upward objectives.
Outlook: The large green arrow indicates an expectation for the price to rebound from the current support zone and trend upward toward the identified Fibonacci resistance levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.