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IRCTC

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
IRCTC - Monopolistic Business Model - Multibagger Stock IdeaIndian Railway Catering and Tourism Corporation (IRCTC) is a Mini Ratna Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems. This is a follow-up idea of the original idea posted on May 26, 2021 when the stock was barely giving any movement. That time it was recommended to buy at Rs.1900 levels. Later when the Stock Split was announced by the management since then the stock is good roller coaster ride. Then 3 days back when the stock was banned again from F&O roller coaster ride seems to see an end and not just that it started coming down. Currently the stock is trading at Rs.4500 after correcting from the highest level of Rs.6396, almost 30% correction. Now the question is what next? Let's look at some facts and figures: > Fundamentals are still strong it was 6 months back. > OPM has increased to 46% in June Qtr as compared to March Qtr of 43%. > Promoters holding remains unchanged at 67.4% in Sep 2021 Qtr. > The company is still a debt free company. > Mumbai- Ahmedabad HSR corridor for bullet train is under construction in full swing. > Recently the company has started bus booking services. > More and more old routs which was suspended or were running on lower frequency is coming on track. > Revenge Tourism can be seen at almost all the tourist attractions. Considering all other facts the business of the company has got even better as compared to what it was 6 months back. If you were holding it then you should definitely hold it now. We have not sold even a single share of this company after this this 30% fall. If you want to earn multifold return of 300-500% in long term don't be restless when stock corrects to 20-30% in short term. After the split when the stock price will be much lower than now then will be the time where small investors will jump into the stock and will another good runup in short term. You can always reach out to me on other platforms in case of any question, I will be glad to answer. Risk Management Tip: Never invest more than 5% of your capital in any single stock. Your likes and comments motivate us to bring more profitable studies like this. Happy Investing! ShareMktSchool
NSE:IRCTCLong
by ShareMarketSchool
10
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.
NSE:IRCTC
by Trading_hawk
10
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
by Prsadgdkr