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Trading_hawk
Aug 7, 2021 6:53 AM

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

NSE:IRCTC15
INDIAN RAIL TOUR CORP LTDNSE

Description

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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.
Trend AnalysisSupport and ResistancePennantIRCTCirctclongBullish Pennantirctcanalysisirctcbuyirctctechnicalanalysisirctcshareirctcshortirctcup
Comments
avikumar175
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nice info Sir,
what will be Good level for entry at such daily high ?
Trading_hawk
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@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?
avikumar175
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@Trading_hawk,

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

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

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

Now everything is bonus. Trail your stop loss
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