IRCTC Technical Analysis: Breakout Buy Strategy
Daily chart breakout signals potential upside for IRCTC stock.
RI
by RA ALOK DAIYA SEBI Reg. INH000011468
About IRCTC
IRCTC, Indian Railway Catering and Tourism Corporation Limited, is a subsidiary of the Indian Railways.
IRCTC is a publicly-listed company that provides various services related to the Indian railway network, including online ticket booking, catering, and packaged tours.
Entry and Exit Points
Buy Above
850 rupees
Stop Loss
825 rupees (end of day)
Targets
876, 893, 918 rupees
Technical Rationale
1
Daily Chart Breakout
Confirmed by volume increase and bullish candlestick patterns
2
Support and Resistance
850 acts as new support after breakout
Risk Management
1
Position Sizing
Limit exposure to 1-2% of trading capital
2
Trailing Stop
Adjust stop loss as price moves towards targets
3
Partial Profit Taking
Exit portions at each target level
Market Context
Sector Performance
Travel and tourism stocks showing strength
Economic Factors
Increased domestic travel boosting IRCTC revenues
Technical Trend
IRCTC outperforming broader market indices
