IRCTC Long Term AND Short Term Resistance
IRCTC 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.
Formed a bullish pennant. Buy above 790. Targets are 806, 850 and 887 SL 700.