IRCTC (Call 4020 Short cmp 85)
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Irctc reached at very important level.Seems like stock has been exhausted after big bullish move.Candlesticks pattern at the top confirms reversal.Its not recommended to trade futures because i am expecting the stock not so bullish and its way away from 20 Moving average.So shorting out of the money call can be a good trade.
Note
this is just to update you as i mentioned 2 days back IRCTC pattern is in reversal mode,today when market opened stock's price was open=High which was another confirmation that IRCTC's bull rally is almost end.Note
If someone has short position in irctc then close their position
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