In the daily chart, we can clearly see that IRCTC has given ascending triangle breakout. Take long positions for the target of 1600.
IRCTC is a fundamentally very strong stock with a monopoly in the world's biggest railways! The stock has been consolidating in the range since a VERY long time! The stock has rallied before the global lockdown - true price discovery still not achieved!
IRCTC EQUITY levels ...06/01/2021 (D candle)
SHORT @1457-1465 STOP lOSS: 1470 TARGET 1: 1395 TARGET 2: 1350 Reasons: 1. RISING WEDGE 2. RSI DIVERGENCE 3. DECREASE IN VOLUME Note: post only for education purposes.
SWING TRADING ANALYSIS : IRCTC EXPECTING LONG FROM CMP SL 1288 ON CLOSING BASIS
If it breaks the range then our target can achieve targets are mentioned on the chart
IRCTC is now down only bcoz of its disocounted and yesterdays bak ifty expiry gave a push to fall !! travel stocks are already flying due to vaccine hopes levels mentioed as per chart !!
IRCTC setup for Long term Bull market
Can start a directional move anytime soon. Has been sideways for quite some time now. Good for long term investment
As we discussed yesterday, it made a bullish flag and gave breakout. Now created one more bullish flag. Buy above 1720.
Looking like making a bullish flag. Keep eyes on Irctc, can give a big move above 1600.
HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
Education only. No Buy Sell suggestion. CMP 1560. Close above 1600 is good for next red line. Blue is support and SL.