Published on: December 18, 2023
The Indian Railway Catering & Tourism Corp Ltd. (IRCTC) took centre stage on D-Street today, experiencing a remarkable rise of 12.59% to Rs.879.15.
Traders employing a process-driven approach found themselves on a profitable journey as key indicators signaled opportune moments for entry and bullish momentum.
For those adhering to a process-driven trading system, the journey on the IRCTC rally began with a buy signal at Rs.675, followed by a bullish trigger at Rs.725.

The Point & Figure (P&F) daily chart of 1% X 3 played a pivotal role in this rally by triggering a triple top buy signal at Rs.725, confirming the bullish trend. P&F charts, known for their simplicity and effectiveness, provided traders with a clear visual representation of the upward movement in IRCTC’s stock price.
Adding to the robust set of indicators, the Adaptive RSI (ARSI) was crucial in signalling a bullish crossover when the stock was trading at Rs.675. This crossover marked a significant turnaround from its previous bearish phase at Rs.840. Traders employing ARSI as part of their strategy gained valuable insights into the changing momentum of IRCTC shares.
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