Q4 results on May 28: General Insurance Corporation of India, EIH, ITI, Aditya Birla Fashion and Retail, Brigade Enterprises, NBCC, Rites, Engineers India, Ingersoll-Rand (India), PTC Industries, and MMTC, are also among the 30 companies that will announce their Q4 earnings today.
IRCTC has seen a breakout of horizontal resistance trendline adjoining multiple touchpoints. The stock has formed long bullish candlestick pattern on the daily charts with above average volumes, while trading above all key moving averages.
Short-term traders are advised to buy the stock for a possible target of Rs 1,040 in 1-2 months. ​IRCTC stock hit a 52-week high of Rs 1,049 on January 23 but failed to hold the momentum. It drifted lower and closed at Rs 928, which translates into a downside of over 11%.