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Irctcanalysis

IRCTC Long Idea......IRCTC looks good for reversal. It is forming cup and handle pattern. Currently in Handle structure. 2-3 Quaters down the line it may touch ATH. Targets are given in chart. SL for safe traders is trendline it was taking support on. Risk management is Priority. Need to consider broader market conditions before taking position as swing. I am personally going to average at horizontal support if at all it comes. NOTE : Fundamentals are good. Top line 3Y sales growth CAGR = 77% , Bottom line 3Y Profit growth CAGR = 90%. Good ROE. No peer to compare P/E as Monopoly & P/E,P/B < median I'm personally buying it whenerver falls 5-10%.
NSE:IRCTCLong
by sfk1229
IRCTC by KRS Charts11 Nov 2024 / 11:11 AM Why IRCTC ❓❓ 1. Fundamentally Good Company. 💪 2. Technically, it was already Entered in Golden Reversal Zone. 🔅 3. Along With that inside that zone now Bulls Counter- Attack is visible ✅ which is formed at the bottom of the Trend for Reversal. 4. At recent Bottom Positive Order Block has formed and showing Bullish Traits from that level. 5. With Bull C. A. green candle RSI is showing Bullish Reversal Divergence. Targets & SL is in Chart
NSE:IRCTCLong
by KRSCharts
IRCTC - BULLISH & BEARISH BIASSymbol - IRCTC CMP - 900 IRCTC is currently trading at an interesting zone. After a good rally in the last year, This stock is following a trendline resistance making lower - lows price action & showing no strength of price growth. I am tracking this stock from quite some time. I will be interested in long positions on breakout of 940-950 resistance zone. I will be even more interested in shorting this stock if this stock breaks 850 on downside & sustain below it as it stock is making a Head & shoulders pattern in larger time frame. Such patterns tends be more accurate on larger time frame & don't fail if gets activated. This pattern will get activated if price break neckline on the downside then I will be shorting futures for more downside targets. What will happen? Only the time will tell. My job is to keep it on radar & enter in longs above 950 & enter in short below 850.
NSE:IRCTC
by akshit_official
4
Weekly bullish flag BO in IRCTC with 20% upsideHi, NSE:IRCTC has given a Bullish Flag Breakout on weekly charts with very good volume. MACD is also on the bullish side on daily and monthly time frames and expecting to turn positive on weekly time frame. RSI is also on the bullish side on daily and weekly time frames. In the current market scenario I am expecting that the bullish momentum will continue. Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:IRCTCLong
by raigvivek
1
Indian Railway Catering & Tourism Corporation - IRCTC - BreakoutDate : 1-Apr-2024 Rating : Buy - Positional Trade LTP : Rs. 970.15 Targets: (1) Rs. 1,049 --> (2) Rs. 1,118 --> (3) Rs. 1,279 SL : Rs. 930 Technical View: • NSE:IRCTC is in its primary uptrend since Oct-2023 and was recently going through it's secondary downtrend. • After touching the high of 1,049 on 20-Jan-2024, it has retraced 18% to 862.75 level. • NSE:IRCTC has broke out from its secondary down trend on 1-Apr-2024 with higher than average volume. • RSI has crossed over 50 on 21-Mar-2024. MACD has crossed over 0 on 1-Apr-2024. • On 21-Mar-2024 it has closed above 20 DMA. • Looking strong to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:IRCTCLong
by vicky252
IRCTC READY TO COMMENCE NEXT RALLY 💪NSE:IRCTC 🟢 BOUNCED BACK FROM STRONG DEMAND ZONE 🟢 SUPPORT RETEST ALSO DONE 🟢 SELLING VOLUME DRIED UP SO WILL NOT BOUNCE BUT BLAST 🔥 PLUS, IT'S A PSU AND GOVT RECENTLY ANNOUNCED EXPANSION OF RAILWAY SECTOR SO EVEN IF I SAY IT MAY BOUNCE 7%-10% IN NEXT FEW DAYS OR EVEN IN A SINGLE DAY, WON'T BE A SURPRISE 📚🟢 RESULTS WERE ALSO GOOD THIS QUARTER 🟢👇🏻 📌 Revenue 21.81% increase to Rs 1,118.3 crore, compared to Rs 918.06 crore in the previous year 📌 EBITDA 20.92% increase to Rs 393.97 crore, compared to Rs 325.8 crore in the previous year 📌 EBITDA margin 25 bps decrease to 35.22%, compared to 35.48% in the previous year 📌 Net profit 22% increase to Rs 256 crore, compared to Rs 209 crore in the previous year Earnings before interest, tax, depreciation and amortization (EBITDA) 21% increase to Rs 394 crore, compared to Rs 325.9 crore in the previous year 🟢 FIIs' FAVOURITE STOCK IN RAILWAY THEME 📈ENTER IN A SWING TRADE WITH THE BELOW LEVELS: ENTRY: 938-940 TARGET 1: 959 TARGET 2: 987 TARGET 3: 1047 STOPLOSS: 900 DAILY CLOSING BASIS ANYTHING ELSE I'M MISSING? LET ME KNOW.
NSE:IRCTCLong
by Trendxinc
Accumulate IRCTC target 1900+ Long termIRCTC after initial rally has been trading in a very congested channel from last 2 years. The support has been maintained at 547 and trading in a channel making higher lows. Once the breakout happens from consolidation then in 1-2 years you can see a target of 1900+ Stop Loss on monthly closing basis can be maintained at 545 All intermediate target are listed on the charts. for sure it will take out the lifetime high made previously.
NSE:IRCTCLong
by Sandeepk31
8
IRCTC: DOUBLE BOTTOM CANDIDATEFrom Nov'22 high stock was under pressure and tested the Jul'22 on 27-Mar'23. From there prices are bouncing back forming higher high and higher low on the lower degree time frame. There is also a formation of INVERSE HEAD & SHOULDER PATTERN which is a bottom reversal pattern whose neckline is 655 and currently prices are trading above this level on weekly chart which should be considered as the breakout of this bottom reversal pattern. The measured target for this pattern is coming about to be in the region of 775-780 zone which is also the neckline of Double bottom pattern on larger degree front. TRADING STRATEGY: Buy 662, SL: 616 TGT: 775-780
NSE:IRCTCLong
by TradingSutra
2
IRCTC Analysis (Head and Shoulders)! NSE:IRCTC ANALYSIS! IRCTC Analysis on a daily Timeframe! Descending Triangle Pattern Formation, Breakout and Retesting on a Weekly Timeframe! Inverted Head and Shoulder Pattern Formation, Breakout and Retesting on a Daily Timeframe! Bullish RSI Divergence in IRCTC! Trend Reversal in IRCTC! IRCTC has made Descending Triangle Pattern on weekly Timeframe , and it has given a breakout to its resistance trendline and retested its support level. If we reduce timeframe to Daily timeframe, then we can see the clear INVERTED HEAD AND SHOULDERS PATTERN at the bottom. We can see previous trend is Downtrend. If we combine RSI analysis with it, then we can see a Bullish RSI Divergence. After the bullish divergence the trend has been changed from Downtrend to an Uptrend. After that RSI and Price both are trending Upwards. This is a clear indication of the bullishness. I have extended neckline and support trendline both may act as a Support Trendlines. Rest of all Analysis is on the chart itself and I have marked all the important levels with price do study thoroughly. Thank You! Important Note= Please have a look on my previous IRCTC Analysis which is based on Weekly Analysis. Entry = Current levels are considered to be a good buy. Stop Loss = Below 615.50 Targets = 1) 661.50 2) 66490 3) 711.55 Disclaimer = All my analysis is for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:IRCTCLong
by Avinash9087
2