IRCTC-Swing Trade- Will this stock drop to next bullish station?

13 Tem 2024

IRCTC IRCTC


13.07.2024
Buy above 1059
Target 1128
Stop Loss 990

Risk Reward: 1:1

1. Inside breakout. But wait for high to break for entry
2. Strong Resistance turned support level. 4th Retest failed at the same level.
3. Price rejection from 200 EMA % found fake breakout at key support level
4. 21 & 50 EMA Crossover. Price above both level
5. Price has crossed 0.618 downward Fibonacci level also rejected two times
from 0.5 Level indicating end of downtrend.
6. Rejection from bullish fair value gaps
7. Increased volumes in green candles compared to bearish candles

24 Tem 2024

İşlem kapandı: durdurma seviyesi

Stoploss achieved