This is one of my dark horses. I have been recommending this share since 1830 and today I’m giving my 6th buy recommendation for the target of 5000. A short term trader should keep a SL of 3750, whereas an investor should keep a deep SL of 3622 and accumulate this stock on each dip.
View - short term.
Time - 1 month.
Its a monopoly stock. good for long term.This is for Educational purposes only. Please consult your Financial advisor before investing. we will not be responsible for your profit or loss.
Good price action, after a sharp rise in price, good consolidation being witnessed on the stock.
Price is again trading in range, mostly a halt after a sharp rise, getting ready for the next move.
INR 3700 to INR 3500 should be a good support zone and buying zone.
Price is headed back towards its 20Day SMA, RSI is biased towards the bulls too, all in all, looks...
this was a major profit-booking
nothing wrong with the market
keep it if looking for a long time
good chance to take an entry in it
my recommendation is to buy only after it comes above 4640, there may be further profit-booking
wait till it crosses 4640
It seems IRCTC is a Good stock with monopoly, but it had a huge run, so time to take a little rest. Lets see, if we can short and achieve target of atleast 3450 Rs. Most being 3300.
IRCTC - 3987 / 4437 by 6th / 25th Oct. IRCTC is in an almost monopolistic business. It's a one-of-a-kind share. It has almost no competition. Will keep on growing till the railways in India are doing well. And that stands true almost for quite some time.
MAKING A SHORT CALL FOR PROFIT !!
MACD CROSSOVER!!
RSI ABOVE 60!!
MORNING STAR FORMED !!
Can make 2-3% high!!
STOP LOSS=2484/2468
(Making a rising wedge pattern so dont hold for long time can make a big fall!!)
(The above Analysis is only for study purpose do not take it as any buy or sell call)
Indian Railway Catering & Tourism Corp. Ltd. provides railway related services. It engages in Catering and Hospitality, Internet Ticketing, Travel and Tourism and Rail Neer Plants business. The company was founded on September 27, 1999 and is headquartered in New Delhi, India.
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