IRCTC: Stocks to Watchout
Reasons:
1. Breakout and Re-testing strong resistance zone
2. RSI Divergence
3. Strong Fundamentals
Investing Term: Medium Term
Entry: ~740
SL: ~660 (-11%)
Target: ~914 (+23%)
Reward to Risk - 2:1
Important to note:
1. Accumulate desired quantities of the stock in a phased manner
2. Calculate the Risk before finalizing the quantity (Total Amt at Risk/ Difference b/w Entry and SL)
Disclaimer: Purely for Educational and Informational Purposes.
