IRCON - Long Setup, Move is ON..NSE:IRCON
✅ #IRCON trading above Resistance of 81
✅ Next Resistance is at 109
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IRCON
IRCON - 3 Years Breakout IRCON organization is into Construction Business - covering construction activities and services in the infrastructure sector.
Railway and Highway Construction, EHP sub-station (engineering and constructions), and MRTS are the core competence.
2022-11-08 : Volume is Highest in 6 months
2022-11-14 : Volume is Highest in 6 months , Close crossing 4 weeks HIgh and also crossing Weekly pivot
2022-11-23 : Close crossing 4 weeks HIgh and also crossing Weekly pivot
Weekly close is Highest in past 3 years.
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Ircon InternationalIts time to share my view on ircon international stock,
My View Is, Ircon was stuck in High 54 and Low 40 , i mean this range which play ircon,
so am just sharing my view on Ircone International ,
Its for educational propose , see and learn , How react chart pattern and structure
"Passion With Chart , Know With HeartBin"
Market Cap = ₹ 4,392 Cr.
Current Price = ₹ 46.7
Stock P/E = 9.01
Book Value = ₹ 48.6
Promoter holding = 73.2 %
Debt = ₹ 943 Cr.
#CESC CMP742.65 #Target 840+ #ModiSpeech #PMModi #Philipcarb #ITWeekly Chart
#CESC
NSE: CESC
Short Term Quick Profit
CMP 742.65
Target 1: 786
Target 2: 846
SL : 684
Timeframe < 90 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
IRCON INTERNATIONALA Symmetrical Triangle pattern on weekly charts.
There has been a lot of tension around the 93 level and the volumes suggest this time it could breakout well.
This chart call is a bit pre mature awaiting a breakout, but just with a hunch that it could do well , I'm taking a risk before the breakout.
Safe investors can take it only after it closes above and sustains above 93.
Ircon International Ltdas last 6-month share price performance is only 4-5% and after ofs is good for buy. for the long term.
IRCON’s order book as of December 2020 was Rs 32,800 crore which is equal to 7 times its trailing 12 months revenue. Almost 94% of its order book is from the Railways. source -The Economic Times
IRCONs strength remains in the railway sector & around 80% of the total revenue in FY20 was generated from the rail and related projects.
* This research is only for learning perpose
IRCON - Bullish Breakout with volumeNote: This is for educational purpose only.
There seems to be a bullish breakout with good volume. Moreover, the price has broke out long term resistances as well. RSI seems to be showing a bullish breakout as well. Moreover, RSI above 60 indicates bullish momentum.