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IRCTC

IRCTC: Case of ENDING DIAGONALTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal sturcuture) TRADING STRATEGY: Buy IRCTC with SL of 557 and look for the upside targets of 700-710
NSE:IRCTCLong
by TradingSutra
18
Irctc _ time to add After long getting some interesting point to add irctc in portfolio now 1. On weekly taking support of EMA100. 2. On monthly trying to take support of EMA20 abv 600. 3. If we check fib retracemnet, taking support on Golden Ratio 0.618 n taking bounce. 4. If we put Anchored VWap on 1st candle on monthly chart, it's taking support of AVWAP' high, also it's the point where institutions enter and support price and take it upside as AVWAP shows their avg buying, so they try to push price high to avoid loss and remain in profit. 5. On log chart it's on bottom of the chart so should start it's upside now. However all above points does not mean it will rocket in no time, whereas it shows the time to enter in stock for long term , above 640, there are minor resistance like 715 and 812, for 830 and 1000 target which is apprx 40 and 68% target. On daily chart showing HH structure and bullish divergence on 2H chart. Perfect time to enter with small SL of 530.
NSE:IRCTCLong
by praveshk2
KPIGLOBAL bullish bagged 108% in just 78 days, next level markedNSE:KPIGLOBAL looking good @ 548 and chances to go up to 583+ with SL 530. #KPIGLOBAL BO further levels marked only for **practice. Happy LEarning !! #KPIGLOBAL BO history from our team. Captured exactly @ BO level and bagged complete result 👍 check the details shared in our signature column. suggested entry was 276 but due to gap up got entry @ 280 and reached till 583 = 303 Points which is 108% exactly in 78 sessions, Congratulations to all our equity friends, money doubled in 3months 💐💐💐👏👏👏👏👏👏 Ping me directly for any clarification on this stock. If you love the analysis just like and share to ur friends. Tnq 🙏
KLong
by Market_Order9