IRCTC
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. !!
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..
IRCTC Price Action 1. IRCTC Increase in Volume in By side and price rising with Rise in RSI , Moving Up
2. Stagnated for Quite a while , Supply is squeezing and , At the Base of the Volumetric Profile avg
3. 1 Month: Delivery volume fell by -62.31%
Delivery volume increased by 160.24% over 5 day average
4. Volatility around 52% , Lower TF RSI increasing
5. Mutual FUnds Shed around 7% Share in from March to septemer , Now near sept 2020 % Levels of , Retail is buying with FII and DII selling
6.F&O data suggests Long Buildup today
7. 32.7% away from 52 week high
TARGET 1 ,2,3,4,5, as shown in the Chart
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Its ready for a bull run , Voume is increasing ...
Go long for first target Invest 20%
LIKE IF YOU AGREE
Simple Trade Setup | IRCTC | 04-01-2022[INTRADAY]NSE:IRCTC
Observations:
1) On 1 day time frame, we can see that is trading between 21DMA and 50DMA.
50DMA is immediate resistance and 21DMA is immediate Support.
50DMA is placed at 847.04 level and 21DMA is placed at 839.50 level.
We can also see that it is still trading below resistance channel.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 04-01-2022
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.
IRCTC DESCENDING TRIANGLE BREAKOUT - BULLISHNSE:IRCTC Is bullish above 850 as the descending triangle pattern has been broken after 3 months and now it can give an amazing up move after a successful retest. for more detail go through the text shared on chart.
ENTRY - On retest from 850
TARGET - 990, 1170, 1270
SL - 750
BULLISH ON IRCTCThe stock is forming higher lows, with entry in the MSCI and strong stake buying by Morgan Stanley great movement is expected. Also with opening up in domestic travel, catering services upcoming results of the current quarter is expected to show a better growth. Stock is facing consolidation right now and upper band resistance of 933 which is the first target. Highly recommended with a stop loss of 780 for a first target of 933 simultaneously 1050 levels.
Swing Trading Opportunities for the week beginning 13-12-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 13-12-21
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan.
Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case - I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that.
ON MY WATCHLIST FOR THE COMING WEEK
This week, I have changed the format to some extent and I request you to let me know if you like this approach to finding Swing Trading Opportunities or the one that I was following till last weekend.
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. I have also filtered the sectors based on Monthly candles. Here are the likely candidates for the week -
SECTORS LOOKING GOOD FOR LONG POSITIONS-
Considering the Monthly Charts, the following sectors look good:
Nifty 100 Liquid
Auto
Bank Nifty
Fin Service
Media
PSE
Considering the Weekly Charts, the following sectors look good:
Energy
Infra
IT
Midcap 100 Free
Midcap 50
MNC
Realty
If you look at the sectoral indices on the daily charts, all of them look beaten down and you would not like to trade them. This is precisely the message for a short term trader - these could be good short sell candidates, but not for Swing or Positional candidates.
WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17511
Bandhan Bank
Federal Bank
ICICI Bank
PNB
Bajaj Finance
Britannia
Dr Reddy
Infosys
Reliance
TCS
IRCTC
MCX
Arvind Fashion
Bank Baroda
BHEL
Car Trade
Chola Fin
Hind Petro
IndiGo
Indo Solar
Kitex
Mangalam Cement
Mphasis
Tata Coffee
Tata Comm
UBL
There are several opportunities that are available even as the tradable indices are at crucial levels. There were many more opportunities that I could sight but I have restrained myself and chosen what I believe are good or may end up as a good risk reward bets.
I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.
In case you are able to spot the setup and the trade basis, please do share so that together we can learn.
Here is the Video Link:
Thank you for your time and Happy Learning,
12-12--21
Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
IRCTC TRADE SETUP FOR TOMORROWAs you can see in the chart, IRCTC has made the between 824-780.
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So stock has already filled the gap and then took a correction now it again in the upward momentum.
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So for tomorrow if stock goes above 825, you can buy this trade for the target of 838.
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What's your view on this comment below in the box.