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Irctcanalysis

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. ------------------------------------- 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.
NSE:IRCTC
by Trading_hawk
2
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
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 - 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