IRCTC

OBSERVATION

• As we can see in the one-day time frame, a candle breaks a trendline which is taking resistance from it.
• If it sustains on that trendline, we can see a good move on the upside.
• If could not sustain then maybe we can see consolidation and fall in the market.

Targets for IRCTC

1. Our first target will be 1000.
2. Our second target will be 1117.
3. And our third target will be 1280.

Let's talk about its fundamentals:

1. Market capitalization - ₹ 72,216 Cr.
2. Debt- ₹ 0 Cr.
3. Cash Holding- ₹ 1,460.50 Cr.
4. The company has a high promoter holding which is 67.4%.
5. The company maintains good ROCE and ROE over the past few years.
6. But the company shows poor profit growth past 3 years.

DISCLAIMER:- ALL THE INFORMATION IN THIS BLOG IS ONLY FOR EDUCATION PURPOSES, DO YOUR OWN ANALYSIS BEFORE TAKING ANY TRADE.