IRCTC reaching its support !!!#MONDAY#
NSE:IRCTC
HINT :-
{
IRCTC is approaching its support level ;
it's approaching its best support level ;
it failed once after breaking through it ;
this time it may break successfully ??? ;
have an eye on this stock ;
add this to your stock watch-list ;
Even BOLLINGER-BAND is getting squeezed ;
}
{
trigger price:-780
Target :-866
Stop-loss :-755
}
IRCTC
IRCTC is ready to 🔥🔥 in coming 2 weeks .irctc is now ready to fire in coming 2 weeks .
as per my analysis ,when weekly SMA crosses RSI , it came into my radar for short and mid term .
and also irctc price will cross Bollinger bands midline after 10 Weeks .
start accumulation.
Like and follow me if you agreed my idea
IRCTC up or Down @irctc up or Down . For support and resistance levels see chart. Never ever underestimate market. Market knows when to give and when to take out from you. Investors can accumulate in dips for long run. Don't buy in Margin trading funds. Invest and forget and don't use this shares to pledge for margin. If the price bounce backs in levels accumulate...
SUPPORT LEVELS FOR IRCTCOn many requests, here is the analysis of IRCTC.
We strongly believe IRCTC will be a good buy for mid to long term investment at levels marked with green color on the chart. Those looking for a fresh entry, can buy in parts on green levels and hold for upper marked targets.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
IRCTC - Long/Short OpportunityShort/Long Opportunity -
IRCTC is in the sideways zone on the daily & hourly chart. If its candles traded between 810.30 to 799.20, then we have to ignore this stock, as there is a high chance that this stock will go sideways. There is an important level of Rs. 811.15. If any candle closes above this price then we can go for long as there are bullish sentiments expected in this stock. But if it closes below 799.20 then we can go for short, it will happen if the international market crashes.
SHORT-TERM BULLISH in RVNL !!#WEDNESDAY#
NSE:RVNL
Follow @VK2413
BUY :- RVNL !!!
{
TRIGGER:-31.5-32
TARGET:-34-37
SL:-28
};
WHY TO BUY ??
{
after a HUGE FALL from past a month ,it's forming a long legged DOJI(on WEEKLY CHART).
wait for this week ,let candle to form completely.
if it forms support ,we can see huge POTENTIAL in its growth.
HOPE PEACE TALK of RUSSIA-UKRAINE begins SHORTLY !!!
}
Like👍 , Follow @VK2413 ,🙏 Share love ❤️ ;
} HAPPY TRADING;
IRCTC - Long OpportunityLong Opportunity -
IRCTC has made ascending triangle pattern and it closed above this level. It means that there is a bullish movement expected. The level of Rs. 809 is the Minor SR, if the first candle closes above this level there will be a strong movement expected. There will be a target of 20 for intraday.
Indian Railway Catering & Tourism Corporation Ltd - 25.02.2022Indian Railway Catering & Tourism Corporation Ltd - 25.02.2022
The stock is trading @ 800 levels
There is a hurdle @ 802 levels
The prices are below EMA
RSI is 52 in Weekly Charts
Let the prices go above 818
watch out for the price actions
IRCTC - Long OpportunityLong Opportunity -
IRCTC - Indian Railway Catering Tour Corp Ltd. is in the trend reversal mode. It closed above the strong support level of Rs. 781.10. The CPR & CCI is indicating there is a bullish move expected on Monday. If the first candle of this stock is close above this trend line then we can go for long.
IRCTC - Short OpportunityShort Opportunity -
IRCTC - Indian Railway Catering Tour Corp Ltd. was in a sideways zone on the daily timeframe. But on 24th Feb it has broken support of Rs. 774.45 and gave a big move on the downside. As per the daily chart timeframe the candle closed below this level, so it is expected to go down. The CCI, MA & VWAP is clearly showing a downtrend in IRCTC. We can go for short if it opens below this level.
But if this stock opens between the previous day's gap, then we have to give the time to market to fix their move, and only then we can enter.
IRCTC - Long/Short OpportunityLong/Short Opportunity -
IRCTC has strong support on Rs. 781.55 & stock has sustained to this level till now. Also, there is resistance at Rs. 793.83. The MA is showing a sideways zone. There are high chances that this stock will cross-resistance and give bullish movement because the CCI is indicating a bullish move. And if we observe it very closely there is a small cup & handle pattern that has formed.
But if this stock first candle closes below support level it might give you the bearish move. As per the CPR, we are expecting a big move in this stock.
But we have to be curious because the international market is bearish and very volatile. Let the market settle and only then we can enter.
IRCTCIRCTC -
There is narrow CPR in this stock. CCI is near -100 and VWAP has crossed MA at the downside. So, we can consider this as a downtrend in this stock, if this trend continues on Thursday. But we have to wait for the confirmation! As you can see there is two line zone drawn in this picture, if the stock gives a breakout of the resistance line, then we can consider it as an uptrend.
The first candle will matter the most, According to the Fib Retracement tool it might take support at 0.382 level and can reverse.
Picture Abhi Baki Hai...This is Daily time frame.
IRCTC went in consolidation after a big rally. For last three months it is in consolidation.
It form this triangle pattern while consolidating.
When the range became narrow, it gave good breakout with thick green candle with good volume.
Then it retraced and retested the resistance line and now acting as support.
Yesterday it form a hammer candle indicating a rejection to go downwards.
When it will break 876.60 level, the high of breakout candle, then we will get confirmation that breakout is successful.
IRCTC ready for the uptrend!🤩💸🔥Buy IRCTC for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
.
💡Future View:
With the easing of covid restriction, improving vaccination rate and increase in travelling will lead to healthy growth in revenues for IRCTC in the coming quarters. Apart from internet ticketing, the company’s focus on e-catering initiatives and increasing revenues from advertisement & license fees bodes well for the long term profitability of the company.
.
✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted a good Q2 result & is very likely to post an even stronger result in Q3 too.
.
❇️The stock is been on a long term uptrend. It is in the retracement phase from Oct 2021 with strong volume buying coming near major support shown. With the recent Volume Breakout of the last Lower High, the stock seems to have completed its retracement & now is poised for a big rally from current levels.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
.
LIKE, COMMENT & SHARE 😄😄😄