IRCTC is moving in a range of 1315-1415 for the last 2 months, with low volume.
The longer & shorter duration multiple moving averages have compressed.
A breakout above Rs. 1415 can trigger a long-term uptrend. A weekly close above Rs. 1415 is also important.
Trading plan:
👉 BUY above Rs. 1415
👉 SL 1315 (around 7-7.5%). Size your position accordingly.
👉 Target - First target can be around 1750-1800 levels. The rest can be trailed.
The longer & shorter duration multiple moving averages have compressed.
A breakout above Rs. 1415 can trigger a long-term uptrend. A weekly close above Rs. 1415 is also important.
Trading plan:
👉 BUY above Rs. 1415
👉 SL 1315 (around 7-7.5%). Size your position accordingly.
👉 Target - First target can be around 1750-1800 levels. The rest can be trailed.
Pro-Setups is meant for Swing and Positional Trading. It is a combination of scripts on TradingView, and a screener Dashboard on web. Whatever you scan on Dashboard, you can see the same on your charts.
For details, please visit www.pro-setups.com
For details, please visit www.pro-setups.com