Case1- Good to buy after breakout of the Trend line ie. @650-660. Put Stop loss of 610.
Case2- Second opportunity : if found around the Previous Demand Zone of 560-580. Put Stop Loss of 545-50
TARGETS : T1- 710 T2- 765 T3- 840 T4- 920
WHY IRCTC: 1- Breakout of long term Trendline. 2- Taking good support from the Demand zone of 560-600 3- Good Risk to Reward Ratio.
Thanks for your Support.
Disclaimer: This idea is only for the Educational purpose only, Kindly trade at your own Risk.
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Breakout
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Second Target of 765 achieved.
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"We just missed our fourth target of 920. I hope we can achieve it soon."
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4th Target of 920 was achieved.
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Fresh targets are 1080/1125/1200
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Achieved 1080
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IRCTC is currently supported at the 900 level, with additional reinforcement from the 200-day moving average. Furthermore, the Relative Strength Index (RSI) indicates favorable conditions. Therefore, it is advisable to consider adding to positions above the 950 mark.