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IRCTC

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.
NSE:IRCTCShort
by sayenpure
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.
NSE:IRCTC
by sayenpure
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.
NSE:IRCTC
by sayenpure
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.
NSE:IRCTCLong
by AkshayAdak
2
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 😄😄😄
NSE:IRCTCLong
by technofunda_trader
5
Simple Trade Setup | IRCTC | 20-01-2022 [INTRADAY]NSE:IRCTC Observations: 1) On 1 day time frame, we can see that it bounce from 50DMA. 50DMA is immediate support. Please refer below chart : 1day Time Frame. 2) On 15min time frame, we can see that if had came out from the channel resistance and today it tested this channel and bounce from it. Now this channel will work as support. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 20-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:IRCTC
by Trading_hawk
IRCTC --- POSITIONAL --- 2022IRCTC select as positional pick due to recent bullish breakout candle seen on Daily chart . IRCTC corrected 1250 sub level . and somewhere around 770 level found bottom support and consolidate few days this levels .. triangle formation on this consolidation last trading session breakout done with good volume .. both triangle and trend-line breakout clearly seen on chart. at buy level cmp 902 stock can give 10-20% upside momentum in short term. Techncial bullish indicators . 1. triangle and trendline breakout 2. MACD bullish crossover from 0 line 3. RSI at 64 ( 60-80 ) Bullish 4. Trading abobe all SMA 20,50,200 BUY IRCTC @ 902 TARGET 1- 1000 TARGET 2- 1200 ( duration 15-20 Days ) Stop loss 780 * PLEASE DO OWN ANALYSIS.. THIS IDEA CAN HELP YOU FOR EDUCATIONAL PURPOSE... take call at own risk .!! WISH YOU HAPPY TRADING. !!
NSE:IRCTCLong
by champtrade111
2
IRCTC range breakoutNSE:IRCTC IRCTC is making strong pattern on daily time frame. Go for Long from here. Current Price: 895 rs Good Entry Point: 860 - 880 rs Target: 920 rs - 1st, 950 rs - 2nd Stop Loss: 25 rs RSI: <65 (Not in over brought zone) Probability: Positive for Long position Risk Reward Ratio: 1:3 Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment. Happy Investing..
NSE:IRCTCLong
by Trending_Trades