Possible Reversal in IRCTC
Yesterday, IRCTC entered in supply zone. Today it has made long legged Doji candle. Following factors may cause a reversal:
(i) Supply Zone (869-929)
(ii) oversold daily RSI (84)
(iii) too much distance between candle and 20 EMA
Disclaimer: This is not a buy / sell recommendation. I am just observing technical indicators.
(i) Supply Zone (869-929)
(ii) oversold daily RSI (84)
(iii) too much distance between candle and 20 EMA
Disclaimer: This is not a buy / sell recommendation. I am just observing technical indicators.
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