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IRCTC

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
NSE:IRCTCLong
by indiamarketoutlook
2
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.
NSE:IRCTCLong
by AkshayAdak
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
NSE:IRCTC
by vyas1394
#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. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:TFCILTDLong
by Rachit_Sethia
#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