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IRCTC

#RITES CMP264.65 #Target 283 #POWERINDIA #NHPC #NTPC #ModiSpeechDaily Chart #RITES NSE: RITES Short Term Quick Profit CMP 264.65 Target 1: 272.65 Target 2: 283 SL : 251 Timeframe < 30 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. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:RITESLong
by Rachit_Sethia
2
FY21-22 Swing Trade Idea #74: Long on IRCTC This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:IRCTCLong
by onerighttrade
2
IRCTC CHART LOOKS GOOD !!IRCTC is taking support at rising trend line multiple times. Ascending triangle is clearly visible. This pattern gives smooth move on upside. Similarly Descending triangle gives smooth move in downside. Currently IRCTC is moving in narrow range ( marked by dotted line ) either side break. If it breaks on downside that will mark a lower high and new Lower low will be there, this will make stock bearish . at each arrow marked low will be the targets. If it breaks on high side it will touch the upper resistance marked, eventually we can expect a strong move on upside. My take is as the stock is in continuous uptrend on longer charts. I can take the smaller risk now, or can enter with small quantity ( 1/3 or 1/2 ) depending of the risk appetite. Stop loss is not even 15 % Therefore for long term view or positional traders can go long keeping in mind the risk involved When it crosses range on upside it will move more 60 70 rs away from stop loss, there by increasing the risk. Plan well and trade accordingly. Tip: Whenever you see any pattern forming always convert your drawings from candlesticks to line chart. This will give you an edge in the trade. Not a recommendation, do your analysis & then enter.
NSE:IRCTCLong
by mj1912
1