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IRCTC

IRCTC: Price Action AnalysisIRCTC has breached the trendline at 866 and 50 day EMA at 826. Critical is the Fibonacci level at 823, the breaking of which the stock should find a resistance at 803. Below which another support is at 777. Further downward movement and 723 should act as a strong support zone, which is also 100 day EMA. On the positive side, target of 1056 if it breaks the resistance of 927 and 977. Currently, I am negative on this given the upsurge in a new variant of Covid 19 and the effect this might have on the travel and tourism industry. The above levels given, should guide how one should plan his/her investment in this stock.
NSE:IRCTC
by TheUnlearningOne
IRCTC - Short/Mid term positional buy trade NSE:IRCTC 1) On 1day time frame, it is successfully trading above 21DMA. 21DMA is placed at 864.14 level. Major breakout level range is in 912-930 level. Successful breakout of it will make it bullish again. Please refer below chart : 1 day Time Frame. One can buy from CMP with SL of 860 and target of 950-980. For safe buy trade one can take long position once it give sustainable breakout of 930 level range or add some more qty in portfolio. ***********this is my personal view*************** Please consult your financial advisor before any type of investment.
NSE:IRCTCLong
by Trading_hawk
IRCTC "BUY CALL" POSSIBLE 14% ROIThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
NSE:IRCTCLong
by maverick_trader2002
2
10/11/2021 Research Report For IRCTCDisclaimer: I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note I have already bought IRCTC shares for my own portfolio and also we can use this research again for my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do your own research and also do take advice from your financial adviser before invest any single rupee. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time. Buy at C.M.P (Current Market Price) and Maximum Below at 900 Target 1:- 1090 Target 2:- 1206 Target 3:- 1502
NSE:IRCTCLong
by india_market
11
Positional Long Trade Setup | IRCTC | SHORT -MID TERMNSE:IRCTC Observations: 1) On daily time frame, we can see finally, it closed above 10DMA. 10DMA is placed at 845.77 level range. Please refer below chart : 1 day Time Frame. 2) Also on daily time frame if we apply for FIB Retracement then we can see that it has been trading between 50 & 61.80% level range of FIB. Please refer below chart : 1 day Time Frame. ------------------------------------------------ Sustainable breakout of 50% FIB level which is at 895 level range then we can see good upmove. Major resistance range is 895-905 level range. One can take Buy trade from CMP with target of 905 level if want to have short term positional trade. With SL of 840 level. Major support is at 800 level. Sustainable breakdown of 800 level will make it bearish. Anyway, in general IRCTC is a good fundamental stock to have in portfolio for long term. In mid term, we can expect the target of 1100 and 1200. One can keep SL of 840 or 800 as per risk taking capacity. ------------------------------------- Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with SL as per your risk capacity. This is just my personal view. It is not a trade recommendation. Better to consult with financial advisor before making any investment.
NSE:IRCTCLong
by Trading_hawk
IRCTC: Hold for Huge ReturnsIndian Railway Catering And Tourism Corporation Ltd. On Daily Tradingview Charts, it has positive Relative Strength. The stock belongs to the Monopoly category. It was in consolidating phase but strong support stands at 790. The resistance comes at 913 and 950 levels. If it breaches the resistances, more upward moves will be seen. Note: Not a buy recommendation. For Educational Purposes Only. Please consult your financial advisor before taking any trade.
NSE:IRCTCLong
by sanjaykedia
The IRCTC Incident - Who would pay for the MTM Shortfall?The IRCTC Incident - Who would pay for the MTM Shortfall? Yesterday I was one of those who could use the 30% free fall in the share prices of IRCTC and added a few shares that are now available at an affordable price per share thanks to the share split done by the company. The split was done with the good intention of enabling more participation from the retail traders/investors and that is what happened as I could buy those shares at 700. The media is now full of articles trying to explain why was there a fall and why the convenience fee is important, etc. However, no one is asking the question - who would fund the intraday Marked To Market losses that SEBI now mandates FNO traders to top up? A few months ago it was Tata Motors whose share prices tanked big time when they announced semi-conductor shortage-related constraints, and then recently it was the turn of TCS, whose share prices were hammered post results and now IRCTC just because of a circular!! I am wondering if the watchdog of the capital markets is indeed watching this? And if so, what it proposes to do to protect the interests of the genuine #traders and #Investors? Consider this -- The IRCTC Nov 21 Future contract close price on 28-10 was 911 Lot size = 1625 IRCTC Futures low for 29-10 = 651 Difference = 260 Max MTM Loss = 422,500 per lot EOD price = 846 Difference = 65 Max MTM Loss = 105,625 per lot Who is going to fund this shortfall? Should the traders/investors be penalized for such unexpected shortfalls? Who will answer these questions is my question to SEBI? I hope industry leaders like Nithin Kamath, Motilal Oswal, and the like would help retail traders/investors get some answers. I was lucky not have been a part of FNO trade in the scrip as so far I am not familiar with its intraday price action. However, I am keen to know if any of the readers of this post were caught on the wrong foot or on the right foot? Your views/experiences would help spread awareness and awaken the regulators to work for the benefit of the retail traders/investors. Thank you! Umesh 30-10-21
NSE:IRCTC
by AVENUESOFINVESTMENT
2