Target Price: Rs 1090
Stop Loss: Rs 1042
Stop Loss: Rs 1042
A range breakout has been witnessed in IRCTC. On a daily time frame indicating a bullish trend in the security. The price closed above the resistance zone of 1045-1050, forming a Bullish candlestick; Gradual volume increase on the day of the breakout indicates that buyers are active in the market. In the momentum area, RSI is trading in an upward trajectory.
(Drumil Vithlani, Technical Research Analyst, Bonanza Portfolio)
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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