IRCTC has been in a prolonged downtrend but is now showing signs of a possible reversal after testing key support zones. The price is attempting to break the falling resistance trendline, which could trigger a bullish momentum if sustained.
🔑 Key Levels to Watch:
Support Zone: ₹675 – ₹605
Immediate Resistance Breakout Level: ₹730
Upside Targets:
₹797.80
₹837.75
₹938.10
₹1,043.30
₹1,111.45
📈 View:
If IRCTC manages to hold above ₹730 and breaks the resistance line with volume, we may see a strong rally towards ₹800+ and higher targets in the coming weeks.
📉 Risk:
A close below ₹675 may invalidate the setup and drag the stock towards ₹605 support.
⚠️ Disclaimer: This is only for educational and chart analysis purposes, not financial advice. Do your own research before investing/trading.
#IRCTC #StockMarketIndia #NSE #SwingTrading #Breakout #TradingSetup #StockAnalysis #ChartPattern #Resistance #Support #IndianStocks #WeeklyChart
🔑 Key Levels to Watch:
Support Zone: ₹675 – ₹605
Immediate Resistance Breakout Level: ₹730
Upside Targets:
₹797.80
₹837.75
₹938.10
₹1,043.30
₹1,111.45
📈 View:
If IRCTC manages to hold above ₹730 and breaks the resistance line with volume, we may see a strong rally towards ₹800+ and higher targets in the coming weeks.
📉 Risk:
A close below ₹675 may invalidate the setup and drag the stock towards ₹605 support.
⚠️ Disclaimer: This is only for educational and chart analysis purposes, not financial advice. Do your own research before investing/trading.
#IRCTC #StockMarketIndia #NSE #SwingTrading #Breakout #TradingSetup #StockAnalysis #ChartPattern #Resistance #Support #IndianStocks #WeeklyChart
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.