Hello Traders & Investor,
Guy's We have seen neat and clean Triangle Pattern breakout on Daily Chart, earlier Price was consolidating inside the Triangle Pattern since last 2 months and forming a perfect Triangle Pattern. Finally in yesterday session it have given breakout, now this is Ready to fly in blue sky.
Technically and Fundamentally this is Strong...
Huge potential is there.
Trendline is not broken yet.
Wait for small retracement,and daily candle to close above - " 655 "
if you are interested in investment, go for it with proper stoploss.
overall " IRCTC " fundamentally good stock.
Wait for proper breakout and conformation.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus...
On the Daily chart it is forming a bear flag and a new upleg has been started after failing the breakdown from the support trendline.
- The blue line shows the major downtrend line and now after its breakout, the price again came to test the breakout zone And reversing from there.
-Closed with good volume around highs
-Trading above 200 EMA
-Company is almost debt free.
-Company is expected to give good quarter
-Company has delivered good profit growth of 34.9% CAGR over last 5 years
-Company has a good return on equity (ROE) track record: 3 Years ROE 34.6%
-Company has been maintaining a healthy dividend payout of 43.0%
-Debtor days have improved from 158 to 118 days.
IRCTC after initial rally has been trading in a very congested channel from last 2 years.
The support has been maintained at 547 and trading in a channel making higher lows.
Once the breakout happens from consolidation then in 1-2 years you can see a target of 1900+
Stop Loss on monthly closing basis can be maintained at 545
All intermediate target are...
IRCTC may enter HH HL structure after its breakout, it may consolidate a bit but considering upcoming festival season we can see a rally in IRCTC.
Enter at current price range 680-700
SL at 645
Target 850, 900.
TRAIL USING 20/50 SMA.
IRCTC long with stop loss given in chart as red line. One immediate stop loss and lower one is long term SL for long term targets
Green lines are T1, T2 and T3 targets with obviously increasing timelines to achieve.
For educational purposes. Elliot wave numbering shown, let me know if incorrect numbering done.
Incorporated in 1999, IRCTC is a Mini Ratna (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water
at railway stations and trains in India
Disclaimer: This analysis is solely for educational purposes and does not make...
Hello, guys. I hope you are doing well. Today, we will take a deep dive into IRCTC. Please read until the end to gain a complete understanding of this stock and its potentiality.
The chart is self-explanatory, so we will keep the technical analysis brief. The stock had been consolidating in a descending triangle pattern for the past two years. After a really big...
NSE:IRCTC Good buying opportunity in IRCTC .
BUYING RANGE: 650-660 ( After breakout)
Good to buy after breakout of the Trend line ie. @650-660.
Put Stop loss of 610.
Second opportunity : if found around the Previous Demand Zone of 560-580.
Put Stop Loss of 545-50
Stock Name - Indian Railway Catering & Tourism Corporation Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 708
#This is not Buy and Sell recommendation to...
IRCTC looks good to buy above 680 in Weekly time frame. Targets will be 712 and 738. Should consolidate near 650 to 680 range and then give breakout then good move will come. RSI too looks good.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Nifty 50. (Only for Experienced traders" )
Enter after " Breakout and Retracement ".
For " long "
target: 19540 - 19647
For " Short"
Enter only if market Breaks
"Yellow box" mentioned.
Wait for proper reversal and conformation.
Don't make complicated trade set-up.📈📉