Trading_hawk

Bullish Pennant Pattern | IRCTC | Simple Trade Setup | NEXT WEEK

Long
NSE:IRCTC   INDIAN RAIL TOUR CORP LTD
NSE:IRCTC

After big gap-up in this week, it has been trading and making higher lows and lower highs. And it is forming a Bullish Pennant Pattern.

Fundamental
That Bullish move (big gap up )is mainly by the news of Stock Splits. On 12th Aug, board meeting is there in consideration for Stock Split.

Simple Trade Setup
Trade levels and Targets are mentioned on the chart. Hope it is easy to understand.

Do comment your doubt or suggestion.

Comments

nice info Sir,
what will be Good level for entry at such daily high ?
Reply
Trading_hawk avikumar175
@avikumar175,
Hi Thank you for your comment.

This analysis was already executed on 9th Aug.

Btw to answer your question I want to ask one question.

are you planning to take positional trade or what?
Reply
avikumar175 Trading_hawk
@Trading_hawk,

Sir for holding in D-mat for long term
Reply
Trading_hawk avikumar175
@avikumar175,
No need to worry then.

You will have peaceful night. This is a very good stock to hold till you die.
Reply
Trading_hawk Trading_hawk
@Trading_hawk,
Consolidating in rectangle
Reply
Already Reached Targets in just first candle.

Let's see if it can reach ultimate target today.
Reply
Trading_hawk Trading_hawk
Ultimate Target reached.
Reply
Trading_hawk Trading_hawk
@Trading_hawk,

Now everything is bonus. Trail your stop loss
+1 Reply