IRCTC for 30% gainsDate: 30 Sept’24
Stock: IRCTC
Timeframe: Daily chart
IRCTC seems to have begun its up move in Wave V of 5 which is heading towards 1225-1275 (30%+ from the current price of 930) as seen in the chart. A more clear target will appear as it moves beyond 1000; in due course of time. Both volume and RSI are gaining momentum.
This is not a trade recommendation. Please do your own analysis. I am not a SEBI registered RA.
IRCTC
RCTC Technical Analysis: A Bullish Outlook?IRCTC Stock: A Technical Overview with RSI Insights
📉 Disclaimer: This is a technical analysis of the IRCTC stock and does not constitute financial advice. Always consult a financial advisor before making any investment decisions.
🔍 Chart Overview
The chart under discussion represents IRCTC (Indian Railway Catering and Tourism Corporation) on the NSE, set on a daily timeframe. Key indicators like Moving Averages (MA), Relative Strength Index (RSI), and Volume are plotted, giving a comprehensive view of the stock's performance.
Key Observations:
📈 Price Trend: The stock has shown consistent upward momentum over the past year, although certain consolidation phases and minor pullbacks are evident.
📊 Support and Resistance: Horizontal lines drawn on the chart highlight critical support and resistance levels. These levels can indicate where the stock may reverse or break out, providing potential entry/exit points.
Moving Averages (MAs): The 50-day and 200-day MAs offer insights into longer-term trends. A bullish crossover occurs when the price moves above the 50-day MA, while a bearish move below this line could signal a reversal.
📈 RSI (Relative Strength Index):
RSI > 70: Indicates overbought conditions, often suggesting a potential pullback.
RSI < 30: Signals oversold conditions, where a price rebound could be imminent.
Volume: Volume bars reveal the strength behind price movements. Notable increases in volume often accompany significant price actions, confirming trends or reversals.
RSI-Based Trading Strategies
🔄 Oversold Buy:
When RSI drops below 30, it signals a potential buying opportunity as the stock is considered oversold.
Investors could capitalize on a potential rebound in price action.
📉 Overbought Sell:
If RSI crosses above 70, it may signal that the stock is overbought, suggesting a potential pullback.
Traders may consider selling or placing stop-loss orders to protect profits.
⚠️ Divergence Alert:
Bearish Divergence: When the price forms higher highs, but RSI creates lower highs, it hints at a possible trend reversal.
Additional Insights
💡 Fundamentals: While technical analysis offers valuable trading signals, it's crucial to factor in IRCTC's business fundamentals, including its financial performance, market outlook, and government policies in the railway sector.
Risk Management: Use tools like stop-loss orders to manage risk and protect capital against market volatility.
📅 Stay Informed: The chart captures historical price action, but it’s vital to track ongoing market trends. As always, past performance doesn't guarantee future results.
IRCTC : Time to travel.NSE:IRCTC Good buying opportunity in IRCTC .
BUYING RANGE: 650-660 ( After breakout)
Case1-
Good to buy after breakout of the Trend line ie. @650-660.
Put Stop loss of 610.
Case2-
Second opportunity : if found around the Previous Demand Zone of 560-580.
Put Stop Loss of 545-50
TARGETS :
T1- 710
T2- 765
T3- 840
T4- 920
WHY IRCTC:
1- Breakout of long term Trendline.
2- Taking good support from the Demand zone of 560-600
3- Good Risk to Reward Ratio.
Thanks for your Support.
Disclaimer:
This idea is only for the Educational purpose only, Kindly trade at your own Risk.
Weekly bullish flag BO in IRCTC with 20% upsideHi,
NSE:IRCTC has given a Bullish Flag Breakout on weekly charts with very good volume.
MACD is also on the bullish side on daily and monthly time frames and expecting to turn positive on weekly time frame. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Indian Railway Catering & Tourism Corporation - IRCTC - BreakoutDate : 1-Apr-2024
Rating : Buy - Positional Trade
LTP : Rs. 970.15
Targets: (1) Rs. 1,049 --> (2) Rs. 1,118 --> (3) Rs. 1,279
SL : Rs. 930
Technical View:
• NSE:IRCTC is in its primary uptrend since Oct-2023 and was recently going through it's secondary downtrend.
• After touching the high of 1,049 on 20-Jan-2024, it has retraced 18% to 862.75 level.
• NSE:IRCTC has broke out from its secondary down trend on 1-Apr-2024 with higher than average volume.
• RSI has crossed over 50 on 21-Mar-2024. MACD has crossed over 0 on 1-Apr-2024.
• On 21-Mar-2024 it has closed above 20 DMA.
• Looking strong to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
[LONG TERM] IRCTC LONG TERM IRCTC this stock only for long .
This Long term Investment only base on Indicator which is 5 EMA On Montly.
If you afford the stoploss then only take this trade for Long Term.
I didnot read any fundamental for this stock. This is purly on Indicator.
This is only for education purpose.
IRCTC - Bullish Consoldation with VolumesNSE: IRCTC is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 10% to 15% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Crossover - IRCTC📊 Script: IRCTC
📊 Sector: Railways
📊 Industry: Travel Agencies
Key highlights: 💡⚡
📈 Script is trading near at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages is giving Crossover.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 968
🟢 Target 🎯🏆 - 1049
⚠️ Stoploss ☠️🚫 - 933
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
IRCTC Bullish 10-15% still PendingHello Everyone,
Another Bullish pick...
Previous trend: Cup and Handle.
I think you guys might have missed the previous trend.
But no issue, pick the next trend, understand the levels, and then grab 10-15%.
CMP: 1000
Target: 1150-70
Duration: 2-3 Months
Add till: 800
Thanks
Naveen
IRCTC (Looks Good On Chart)IRCTC has given a breakout at the 840 level. Closing above 840 (W) might open gates for 911, 1020, 1129, and 1284 levels.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
Accumulate IRCTC target 1900+ Long termIRCTC after initial rally has been trading in a very congested channel from last 2 years.
The support has been maintained at 547 and trading in a channel making higher lows.
Once the breakout happens from consolidation then in 1-2 years you can see a target of 1900+
Stop Loss on monthly closing basis can be maintained at 545
All intermediate target are listed on the charts. for sure it will take out the lifetime high made previously.
Indian Railway Stocks Railway stocks can breakout again if price closes and sustains above 7115
1) IRCTC
2) CONCOR
3) IRFC
4) RVNL
5) RITES
6) BEML
7) TITAGARH
8) RAILTEL
9) IRCON
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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IRCTC - Dont miss the TrainIRCTC - after 2 years of going South direction now Looks like moving towards the North.
Overall stock is trading above all moving averages on D/W/M time frames.
Every indicator is on Green.
But wait for 920-925 level to take out before taking the next entry.
Missed 775 to 917 drives within two trading sessions ... but this is clearly indicated before.
Look at these :
1st Indication
2nd Indication
Consolidated NET Volumes have been on the BUY side for the past 9 weeks.
The trend is also on the positive side.
Study further before making a decision.
IRCTC | Swing Trade📊 Details
Incorporated in 1999, IRCTC is a Mini Ratna (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water
at railway stations and trains in India
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
Triangle Pattern Breakout Seen in IRCTC | It's Ready to take offHello Traders & Investor,
Guy's We have seen neat and clean Triangle Pattern breakout on Daily Chart, earlier Price was consolidating inside the Triangle Pattern since last 2 months and forming a perfect Triangle Pattern. Finally in yesterday session it have given breakout, now this is Ready to fly in blue sky.
Technically and Fundamentally this is Strong Company with Mini Ratna Tag (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water
at railway stations and trains in India. So this is monopoly business which runs by one of the best management owned by Govt of INDIA.
MACD has already given bullish crossover, 21-EMA already crossed above 50-EMA on chart, Price is above 200-EMA from last 9 trading session, So all these parameters showing bullishness in this catering stock. We have captured on very right time when it has given a breakout. Now if this goes for retest the levels, try to accumulate with given levels. And again this is again a portfolio stock, so think for long term. For trading perspective i have already written the levels.
About Company:-
Incorporated in 1999, IRCTC is a Mini Ratna (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water
at railway stations and trains in India.
Business Divisions:-
a) Catering and hospitality
b) Internet ticketing
c) Packaged drinking water
d) State teertha
e) Tourism
Company manages catering and hospitality services at railway stations, on trains, and
other important locations and promotes
domestic travel and international tourism
through the development of budget hotels,
special tour packages, and e-ticketing services.
Rail Neer plants:-
With 8.03 crore+ users, IRCTC offers a one-stop solution for a comprehensive range of products and services related to travel and tourism. Company has 15 Rail Neer plants and 11 base kitchens. The company operates through 5 zonal offices, 10 regional offices, 1 corporate office, 1 internal ticketing office, and 1 tourism office. Company is setting up 5 more Rail Neer plants in Vijayawada, Vishakhapatnam, Bhusawal, Bhubaneswar, Kota, etc.
[b
Market Cap
₹ 56,588 Cr.
Current Price
₹ 707
High / Low
₹ 758 / 557
Stock P/E
52.4
Book Value
₹ 35.6
Dividend Yield
0.78 %
ROCE
59.2 %
ROE
45.4 %
Face Value
₹ 2.00
Debt
₹ 66.8 Cr.
EPS
₹ 13.3
PEG Ratio
1.50
Promoter holding
62.4 %
Intrinsic Value
₹ 337
Pledged percentage
0.00 %
EVEBITDA
36.0
Change in Prom Hold
0.00 %
Profit Var 5Yrs
34.9 %
Sales growth 5Years
19.3 %
Return over 5years
%
PROS:-
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 34.9% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 34.6%
Company has been maintaining a healthy dividend payout of 43.0%
Debtor days have improved from 158 to 118 days.
CONS:-
Stock is trading at 19.9 times its book value
Promoter holding has decreased over last 3 years: -25.0%
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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