IRCTC gave today breakout with 9% move in single day. Good volume on daily chart. Not generated here as the week have 4 more days to go. It is today at ALL TIME HIGH. There is risk when trading in stock which is trading at all time high. So if I enter I will keep STRICT STOPLOSS.
Stay cautious as the money flow index have turned downwards, that's not a good indication, so if it continued to do down this may be false breakout or this is because the new SEBI margin rules. Volatility and liquidity is decreasing. This is a little bit confusing scenario.
This is my own analysis. Hope you like it. This post is for information purpose only.
Kommentera
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Bullish Engulfing candle today. Also unlock theme candidate.
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Retested the trendline and a bullish move now have begun.
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After retest, moved around 13% till now.
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Today made high of 3758.8. More than 77% in few months.