IRCTC Trade setup for upcoming days NSE:IRCTC
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1st Scenario:
After going up it will face resistance in 2350 range and come back to test support on the trendline. And if it gets support from trendline then this will be a buy trade. And if it fails to get support then our sell trade will be only initiated below 2300 level.
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2nd Scenario:
After going up it will break the level 2350 and trade in 2350 range and maintain that level.
Consecutive, 2 (15min) or at least 4 (5min) green candles should be formed above 2350 range. then there will be easy trade on buy side.
All red marked lines will be the target.
IRCTC
IRCTC Rocked - More Juice To ComeIRCTC Buy Call was shared on 12 May 2021 . Our Buying price was 1820 , today kissed 2400++ . Almost 34% return on investment.
Can book partial profit. Bye the way the stock is heading to 2800++. The red trendline is the major support for IRCTC. Short term swing traders can TSL @ today's candle low.
Below is the Buy Call shared earlier.
IRCTC: Looks good for 2220After a strong upmove with a bullish engulfing candle on 21st June, IRCTC pulled back to 50% of its upmove (1), and has today turned bullish with 4 MA making a definitive cross above 9 MA, signalling start of a fresh upmove. I will look for a target of 2220 in the coming few sessions. I will keep a SL below 2050 on a closing basis.
IRCTC Trade Setup For Tuesday (6th July)Today IRCTC break the strong resistance of 2126, and it give more than more 5% return.
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So on tomorrow we can see the correction till 2131 after that it can give the upside move.
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Keep radar this stock in watchlist.
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What's your view comment below in the box.
IRCTC: Cup & Handle patternIRCTC
In to the unknown....
To start with, we are looking at the weekly chart for IRCTC.
Above 2184, the stock would be trading in the uncharted territory
The time frame we are looking at is for investment decisions/ holding period of 1-2 years.
We rely on Cup and handle pattern that we observe here. The orange line is the breakout mark and this is week three of trading above the orange line. Sustaining above the orange line for this weekly close might indicate a potential breakout.
The target for the current set up 2600 / 2800 / 3230 odd levels
Look to plan your buy in 2 tranches according to your risk management profile.
One at current levels or close to as close to orange line as possible and 2nd on dips towards the blue line as and when it happens.
Pattern gets invalided if we see 3 weekly candle close below the blue line.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Watch IRCTCIRCTC gave today breakout with 9% move in single day.
Good volume on daily chart. Not generated here as the week have 4 more days to go.
It is today at ALL TIME HIGH.
There is risk when trading in stock which is trading at all time high.
So if I enter I will keep STRICT STOPLOSS.
Stay cautious as the money flow index have turned downwards, that's not a good indication, so if it continued to do down this may be false breakout or this is because the new SEBI margin rules. Volatility and liquidity is decreasing.
This is a little bit confusing scenario.
This is my own analysis. Hope you like it.
This post is for information purpose only.
IRCTC getting ready for a ballistic move upsideNSE:IRCTC
Irctc is getting ready for a ballistic move upside.
flag and pole breakout in 1 hr chart and again forming flag and pole in smaller time frame.
stock currently at a good value area. if it moves above 2115 after a gap up open I will add for positional trade with SL at 2071
Stock has the potential to go till 2300 in the short term.
2182 will be the target 1
observe HH HL formation in 5min chart after the gap up open.
If it does not open gap up the plan will be updated as per price action
#TFCILTD CMP75.55 #Target 108.85 #ITDC #IRCTC #SBICARD #PFC #REC#TFCILTD
NSE: TFCILTD
Long Term Investment
CMP 75.55
Target : 108.85
SL : 67
Timeframe < 60 Days
Can hold for longer time
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
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