What next in IRCTC ? NSE:IRCTC
Today it took support from 21DMA which is placed at 4366.51 level. Which is a good sign at this moment. Breakdown of it will lead it to 4000 level.
Further breakdown of 4000 level will lead it to 3580 level. 50DMA is placed near this level.
If we apply FIB retracement on daily time frame then we can see that immediate support is at 4000-4018 level range.
I can see profit booking to continue till 4000 -4050 level. From this level if it shows the reversal then it will be buy trade.
Note: This is my personal opinion. this is not any trade recommendation. I may be wrong or right.
Please do your own study before taking trade.
IRCTC
IRCTC
IRCTC touch the resistance point and there is too much selling pressure, that's why the stock is falling drastically. It is expected to take support on daily chart resistance line, because that line was break middle of September, so the line expected to works as a next support level.
In this below picture I have also mentioned which are the weekly and daily trendlines. Also explained why market is falling!
🚂 #irctc #nifty50 #nifty heading towards support NSE:IRCTC
irctc share came down from our harmonic resistance now heading towards support level if find support and reversal then go for swing or positional again from those levels.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
IRCTC NEXT MOVEAs we see IRCTC was in good move from last few days
it was becouse of fundamental analys that stock is going to be split
But as i draw it was accending triange on hourly timeframe on 4th oct it wasnt giving brekout from 15th sept to 4th oct finally it brek that 3845 level and keep moving up
today suddenly irctc given big downside move it may be due to profit booking
But IRCTC has taken support @4998 as per my analys this may be fibonacci's 50 level
we can meke entry again in IRCTC @5000 tgt should be 6200 sl should be 4650 for swing trading
NSE:IRCTC LongNSE:IRCTC
#IRCTC trading near Resistance and BO will have higher chances to give positive momentum.
All the levels mentioned on chart !!
Have a Happy trading.
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irctc fibonacci analysiss we can see stock hit 4000 + levels and falling from there and has already corrected 400 points now it must atleast fall till 38.2 % levels to bounce back and i have marked the upmove from there with arrow(next tarret all time high of 4670)
good luck
note it may bounce from 23.6 level also but i would not favor it
Break out or break down trading ideaNSE:IRCTC1!
Once IRCTC Broke 4139 level short at 4135 at target would be 4090 otherwise if IRCTC broke 4242 traders can take long position target would be 4396 and always maintain atleast 1:1 Risk reward. Wait for the levels to activate then take a trade. Happy trading
IRCTCThis stock has already shown uptrend, and now after consolidating as a flag pattern, it has given breakout with volume in hourly time frame as well as daily time frame also, all the key levels are mentioned on chart, one can go long with mentioned stoploss for mentioned targets.
key levels are mentioned on chart
flag breakout on hourly chart with very good intensity of volume
flag and pole chart pattern on daily chart
macd in weekly positive and uptick
macd in daily uptick above zero line
macd in hourly positive crossover and uptick above zero line
rsi in daily positive and uptick
rsi in hourly positive and uptick
stochastic turned positive crossover in oversold zones in daily time frame
dmi adx positive ungali setup in hourly chart
bbc in hourly
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing