Market Trading Guide: IRCTC Among 5 Stock Picks for Monday, Samvardhana Motherson – Stock Ideas

Target Price: Rs 1090
Stop Loss: Rs 1042

Out of range deviations have been observed in IRCTC. A daily time frame that indicates a bullish trend in a security. The price closed above the 1045-1050 resistance zone, forming a bullish candle. A gradual increase in trading volume on the day of the breakout indicates that buyers are active in the market. In a momentum zone, RSI is trading on an upward trajectory.

(Drumil Vithlani, Technology Research Analyst, Bonanza Portfolio)

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