Downtrend: IRCTC is following a descending trendline, indicating a bearish phase. A breakout above this trendline could signal a bullish reversal.
Support Levels:
Resistance Levels:
Trend Outlook: The stock is consolidating near its lower range, suggesting either an accumulation phase or further downside if ₹760 breaks.
Budget Expectations: The government may announce favorable policies or benefits for IRCTC in the upcoming budget, potentially boosting the stock.
Stop-Loss Strategy: Traders can use the ₹790-800 level as a stop-loss for long positions to manage risks effectively.
Actionable Points:
Support Levels:
- Immediate: ₹805-810
- Stronger: ₹760, followed by ₹690 and ₹637
Resistance Levels:
- Key: ₹858
- Higher: ₹902 and ₹935
Trend Outlook: The stock is consolidating near its lower range, suggesting either an accumulation phase or further downside if ₹760 breaks.
Budget Expectations: The government may announce favorable policies or benefits for IRCTC in the upcoming budget, potentially boosting the stock.
Stop-Loss Strategy: Traders can use the ₹790-800 level as a stop-loss for long positions to manage risks effectively.
Actionable Points:
- Traders: Watch for a breakout above the trendline for long positions, with ₹790-800 as a stop-loss, or consider shorts below ₹760.
- Investors: The ₹690-760 zone may be an accumulation area for long-term prospects, especially with possible budgetary support.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.