AbhishekHSinghCMT

IRCTC - 1st Halt ( Amazing Journey 625 to 980) - What Next ?

Long
AbhishekHSinghCMT Updated   
NSE:IRCTC   INDIAN RAIL TOUR CORP LTD
Trading Strategy

Scenario 1-

Holding above 920
Part A:
Expect upside push to 980-1000 zone

Part B:
Selling if fails to cross 1000 or crosses 1000 falls immediately then expect 920 / 850 /700

Scenario 2 -

Strictly Holding above 1000 for extreme bullish scenario- Expect 1500 -1600 Target zone. Failing to hold 1000 post crossing above becomes "Part B - Scenario 1" as mentioned above.

Thanks for all support

Wish All of You A Happy, Prosperous & Terrific 2020 !!!
Trade active:
12:59 Hrs / 6th Jan 2020

Last Price@902

Below 920 - Stock puked but as Index looks to bounce (holding 11980-12000 zone for 12050/12100 next) - IRCTC can also bounce holding 900 & above - don't buy if fails to hold above 900.
Trade active:
19:31 Hrs / 6th Jan 2020

Last Price@ 895

It's not easy trading here for the stock & shall do all choppy moves -going up & down several times.

One can look to sell if bounces upside close to 910 from short term Trading point of view &

If you want to pick this stock as part of portfolio then best rates shall be 850-860 or below 850 -It shall be 700-725 only. Thanks
Trade active:
10:24 Hrs / 7th Jan 2020

Last Price@912

Trading point of view - Kindly hold & avoid any sell positions at present which was suggested yesterday at 902 - Unfortunately our stop was taken for 2/3 points

This was the most trickiest session from 6th to 7th Jan 2020 as all bears got trapped but I suggested we are expecting this bounce in Nifty sooner or later -rest all is history.
Trade active:
09:20 Hrs / 15th Jan 2020

Last Price @980

This is the reason - why I suggested -------avoid selling IRCTC as it moves above 902 - Wow -------It made new high at 984

Forms Double Top at 980-985 zone - Traders should buy only above 985 or stock may fall
Only Risky Traders call as they lose 4-5 points but strict stops above 985
Trade closed manually:
14:47 Hrs / 4th Feb 2020

Last price @1375

Crosses Double Top @ 985 - Starts A New Journey for 1375


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
(Deleted)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.