IRCTC : Book Top Birth, Else in Wait List
Hopes, dreams euphoria, FOMO all are emotions that drive the journey of an investor/trader.
PSU's as a pack continues to contribute huge wealth creation, those who missed can still look at it is leaving the empirical negativity surrounding this space.
One may continue to feel, that this space has reached top and can potentially drive down faster and quicker and stay there for decades, that is the majority experience. Not any more
It is better to book top birth than in the wait list. One such place is the IRCTC. It did move to current levels and than fell almost towards the 630-640 handle and then the rise.
It is about the leave the station, for the education of the reader, it is an investment view, traders can do their own risk assessment. There was rise and initial failure, that met the support.
Currently the red resistance line drawn now acted as support, the dotted downward arrow is the point. Add to that the upward demand line aided by the moving average of 14 days. Half Moon Cycle.
A close above 735 would propel towards the 800. Investment view negates if we close below 688 on daily close basis.
PSU's as a pack continues to contribute huge wealth creation, those who missed can still look at it is leaving the empirical negativity surrounding this space.
One may continue to feel, that this space has reached top and can potentially drive down faster and quicker and stay there for decades, that is the majority experience. Not any more
It is better to book top birth than in the wait list. One such place is the IRCTC. It did move to current levels and than fell almost towards the 630-640 handle and then the rise.
It is about the leave the station, for the education of the reader, it is an investment view, traders can do their own risk assessment. There was rise and initial failure, that met the support.
Currently the red resistance line drawn now acted as support, the dotted downward arrow is the point. Add to that the upward demand line aided by the moving average of 14 days. Half Moon Cycle.
A close above 735 would propel towards the 800. Investment view negates if we close below 688 on daily close basis.
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