IRCTC - Bullish Consolidation - Short term bearish - Target 800

IRCTC is consolidating side ways after a major break out and bull run. I expect it to test the 800 support levels for further strength. 20 DMA is bearish and will crossover 50 DMA soon. If the 800 level is breached it will test 685 Gap fill.

Kommentar:

Getting closer to the 800 target

Trade geschlossen: Ziel wurde erreicht:

IRCTC reached 800 target sooner than expected. It's might test the 685 levels to fill the gap in next few weeks, as the trend continues to be bearish right now.