IRCTC share price rallies 9 percent ahead of Q4 results.
IRCTC gaining a 9 percent profit; still 18 percent down year-to-date (YTD)
The share price of IRCTC soared 9.2 percent to 712.60 apiece on the BSE, ahead of the January-March quarter result for the financial year 2022. The stock has been gaining spree, 7.04 percent in the last five trading sessions. Whereas, this Indian Railways stock has delivered a negative return of 6.35 percent in a month period.
On a year-to-date basis, the company has gained more than 18 percent. Technical analysts say that after a prolonged decline, India Railways Catering and Tourism Corporation has finally put a bottom place.
Following a strong bullish divergence of the RSI against the price, the stock has been trying to reverse its trend. Investors can buy this with a price target of 750 and 810 levels while maintaining a stop loss of 650.
The stock momentum oscillators RSI read at 50 and continue its higher low formation and MACD indicator above zero levels with positive and suggest the upward movement. The stock has an immediate hurdle at 708, and a close above this level suggests that positive movement in the price towards the 770 and 820 levels on the upside. On the downside 625 maybe act as a support level.
With a strong Q4 result financial year 2022 is expected owning to the peak holiday season, increasing fares, and no disruption in terms of travel and lockdown, due to this the stock price is gaining profit these days.
In the stock market, there is always volatility.
The volatility market can shake your faith and can dip your investment like; the stock market and crypto market. Many investors have lost their wealth in the recent crisis such as Luna crypto crash, DIA, UST, and many more. And there will be speculation in the market in the future no doubt, investors will face crisis and crash in the crypto market and the stock market.
Safe investment method to make a moderate profit.
If you want to diversify your portfolio and looking for a safe investment, then read this entire article you would get some ideas about safe investments and you can also make money by doing so. To invest in safe-haven you need to understand certain things. And I will describe all those aspects about the philately so that you can also invest in stamps and miniature sheets.
What is the philately?
Philately is the study and hobby of postage stamps and postal history. And it is refer to the collection, appreciation and research activities on stamps and other philatelic products. It is also the hobby of collecting and learning about postage stamps.
How one can make a profit by collecting stamps?
To buy stamps, you can stamp from philacy.com there is a bunch of stamps and miniature sheet to buy from, you don’t have to worry about the experience because there is not require any expertise, you just need to collect stamps and miniature sheets hold them for long term so that the price of stamps and miniature sheets will increase and you can make a profit.
This is Freedom Movement Miniature Sheet.
The miniature sheet was issued on 9th August 2017 to celebrate the 75th year of the 1942 freedom movement. And the miniature sheet was released by The Department of Indian Post. This miniature sheet initial price was only ₹5 and as of today its price is ₹280, it means the sheet price has tanked from the issued time. And it has given more profit in the last 5 years.
Steps to buying stamps and miniature sheets.
Step 1: Register to Philacy.com with your credential details.
Step 2: pick the stamp from the menu.
Step 3: click on add to cart.
Step 4: Click on proceed to checkout to pay.
Step 5: fill in the form of billing details and proceed ahead.