09-11-2024
📈 IRCTC: A Key Player in India`s Digital Travel Boom! 📈
Investors & Traders keep an Eye on IRCTC- (Indian Railway Catering and Tourism Corporation) holds a unique monopoly in the railway sector. Established in 1999, IRCTC is a Mini Ratna Company and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and trains in India.
Well Technically the stock has corrected from 1134 to 792.10. We will now dive deep ionto the technicals & Fundamentals of the stock and learn to identify the key triggers in this stock.
Fundamenstal Aspects: The shares of the company is held by Strong participants to the tune of nearly 84%
09-11-2024
Technical Aspects:
Well now let us discuss the Technical chart pattern developed in the stock ina summarised manner.
CMP: 832
Support: 781-757
Resistance: 860-915-972
Doji Candlestick Pattern on Weekly Charts.
Price Action Support on Weekly Charts.
Oversold MACD & RSI Signals.
Weekly Trendline Support Zone
Good Looking, Potential Upside Candidate!
"The securities quoted are for illustration only and are not recommendatory"
Vikash Bagaria SEBI Registered Research Analyst - INH300008155
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