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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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.
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.