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IRCTC

IRCTC: Chart set up and trading strategyIRCTC CMP 3355 - we observe supply increasing in IRCTC once stock goes above 3300 - 3270 / 3252 / 3238 are some important levels - however if we see these levels being taken out probability of IRCTC testing the target zone would increase. _____________________________________________________________________________________________________________________ Given the set up One may consider to sell IRCTC Sept expiry 3500 Call option currently around 80 Yield potential is around 10% till expiry In built loss protection for a rise up to 3580 till expiry Look to exit if IRCTC closes above 3422 Take care & safe trading...!!!
NSE:IRCTCShort
by indiamarketoutlook
3
IRCTC: Enjoy your tea with Cup & HandleIRCTC - The stock had given a breakout in June 2021 - the breakout had taken the stock in to uncharted territory - luckily, we see stock giving us a cue with a Cup & Handle chart formation to arrive at a target of 3200 above. Neck line of cup is at 1994 and the low made is of 774 - giving us 1220 points for the taking. Adding that 1220 to the neck line level, we get a target 3214. Yes, I understand it is easier to say once the movement has happened... Any one can claim that with the benefit of hindsight... So here is what was published about IRCTC on June 21, 2021 when the stock was around 2000 odd levels - those who followed this Technical Analysis idea have easily captured the rally of more than 50% in less than 3 months We are thankful and grateful to Technical Analysis for showing us the light. Consider booking profits - Going forward any dips towards 2650-2750 could be interesting where risk::reward ratio to buy might again look better By the way there is one more Cup of Tea we are enjoying... Bharti ki chai bhi bohot achhi hai ( Oh sorry, it angered my wife... 👿 pls don't misunderstand me... I mean Bharti Airtel has also given a nice Cup & Handle breakout) 😉 You can thank me by simply Hitting the like button or writing in the comment section below...🙂 Follow for more such ideas But don't just follow blindly, learn to identify opportunities independently Remember, it is better to ask questions before you enter the trade than to question yourself afterwards... Some of the best trades happen when - you stop chasing the money & start focusing on the process - plan your trade to buy right & let the story unfold itself... Happy trading...!!! 😊
NSE:IRCTC
by indiamarketoutlook
1
IRCTC - Fundamentals and TechnicalsHi there, Let’s consider a few facts and figures of IRCTC: Fundamentals: 1. The company is already in midcap with Market Cap of Rs.30,527 Cr. 2. Company has a good return on equity (ROE) track record: 3 Years ROE 33.62%. 3. Company has been maintaining a healthy dividend payout of 52.41 4. ROCE - 62.8% and ROE - 44.1%, which is very very impressive. 5. Company is Completely DEBT free with 0 debt in balance sheet. 6. Topline and bottom line both very impressive, constantly growing except last year and that is because of covid issues, lockdown impacted many businesses. 7. Monopolistic business model. Technicals: 1. Long term chart is in Uptrend. 2. Currently trading at 1894 which is above 50, 100 and 200 Days Moving Average (DMA). 3. Volume has increased substantially since Dec 20 (as indicated by arrows at the bottom), this shows that huge accumulation is going on. Considering all the points mentioned above, it’s a very wise decision to invest in this stock from long term perspective. This should be one of your portfolio stock. Old Buy - HOLD tight and enjoy the ride :) Fresh Buy - At CMP The stock will easily double and triple from here, all you need is a little patience. Remember: Never invest more than 5% of your capital in any single stock. Please get in touch in case of any question or concern. Happy Investing, thanks!
NSE:IRCTCLong
by ShareMarketSchool
2
Simple Trade Setup | IRCTC | 02-09-2021NSE:IRCTC Observations: 1) On 1 HOUR time frame it has made a rounding bottom pattern and closed just below the critical breakout level of 2750. Please refer below chart : 1 hr time frame. ------------------------------------- Trade Setup for Date 02-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:IRCTC
by Trading_hawk
2
Simple Trade Setup | IRCTC | 27-08-2021NSE:IRCTC It has been trading in parallel channel for long time. Today it took resistance from middle trendline of parallel channel. Good positional buy trade will be only on breakout of middle trendline of parallel channel. Target will be 2750 or the upper trendline. On breakout of upper trendline it will have good up movement. Trade Setup for Date 27-08-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tommorrow. Please refer below chart for levels for intraday trading. Hope I made it easy to understand it. Do comment your doubt or suggestion
NSE:IRCTC
by Trading_hawk
2
Simple Trade Setup | IRCTC | Last Week August 2021 (2)NSE:IRCTC Observations: 1) On daily time frame still it has been trading in the parallel channel . 2) Today it broke the middle trendline support and closed just above the bottom trendline of parallel channel. Please refer Chart below: daily time frame. Trade Setup for Last Week August -2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) Please refer below levels for intraday trade for 24-08-2021. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:IRCTC
by Trading_hawk
1
Simple Trade Setup | IRCTC | Last week August-2021NSE:IRCTC Observations: 1) On daily time frame it has been trading in the parallel channel. 2) If you see earlier bottom trendline of channel was working as a resistance. 3) Then middle trendline of the channel was working as resistance. 4) Then bottom trendline of channel was working as support and then it gave good breakout of the middle trendline and now middle trendline is working as support and upper trendline is working as resistance. Please refer Chart below: daily time frame. ------------------------------------- Trade Setup for Last Week August -2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:IRCTC
by Trading_hawk
4
Simple Trade Setup | IRCTC | 13-08-2021NSE:IRCTC Since this stock's movement from last one week has been driven by one news about stock split so it is a bit tough now as it is already on the higher levels. Today's move came after the confirm news about 1:5 split. And then sudden selling/profit booking was seen. ----------------------------------------------- Anyway, here I tried my best to provide trade setup based on technical analysis. It has made rounding bottom breakout and breakout level was at 2660-2661. Tomorrow if it opens flat or minor gap down and comes till 2660-2661 and gets support from it then it will be perfect entry for buy trade and easy quick target will be 2700-2710. But if it fails and breakdown then it will be short trade entry till that critical zone. And if it opens above 2700 level and keep on trading above it then it will be entry for buy trade. Highet open interest in call option is at 2700 level. And then on 2800 level call option. So breakout or support of 2700 will give easy 40 points upmove in IRCTC. Further if it breaks down below the critical level the we can see panic profit booking in it. But if you are a positional trader for long term then you no need to worry. As a fundamental this company is good to hold till you die. Hope I made it simple to explain. Do let me know your doubt or suggestion. All the best.
NSE:IRCTC
by Trading_hawk
Bullish Pennant Pattern | IRCTC | Simple Trade Setup | NEXT WEEKNSE: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.
NSE:IRCTCLong
by Trading_hawk
13