NSE:NAUKRI LongNSE:NAUKRI
#NAUKRI trading near resistance and breaking the level and close above will give good momentum
One can try 7000 CE if closed above resistance.
Levels Perfectly captured & shared for FREE Everyday !!
Levels shared yesterday and results...
#MINDTREE - 16%
#IRCTC - 12%
#WIPRO - 11%
#VEDL - 8%
#GRASIM - 7%
All these stock levels shared and almost all got blasted results, check the other stocks shared and how it got resulted.
Also don't forget to till your bags as much as you can.
Have a Happy trading.
If you like the analysis, Hit like button and share it with your friends to extend your Support.
Irctcanalysis
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.
Levels Perfectly captured & shared for FREE Everyday !!
If you like the analysis, Hit like button and share it with your friends to extend your Support.
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
Simple Trade Setup | IRCTC | 28-09-2021 [INTRADAY]NSE:IRCTC
Observations:
1) On Daily Time frame, It took good support from 10DMA and made reversal.
Please refer below chart : Daily time frame.
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Trade Setup for Date 28-09-2021:
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.
5) Now Trendline should work as support.
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 respsective level considering how price action works near that level.
Simple Trade Setup | IRCTC | 02-09-2021NSE:IRCTC
Observations:
1) On 1 HOUR time frame it has made a rounding bottom pattern and closed just below the critical breakout level of 2750.
Please refer below chart : 1 hr time frame.
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Trade Setup for Date 02-09-2021:
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 tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | IRCTC | 27-08-2021NSE:IRCTC
It has been trading in parallel channel for long time.
Today it took resistance from middle trendline of parallel channel.
Good positional buy trade will be only on breakout of middle trendline of parallel channel. Target will be 2750 or the upper trendline.
On breakout of upper trendline it will have good up movement.
Trade Setup for Date 27-08-2021:
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 tommorrow.
Please refer below chart for levels for intraday trading.
Hope I made it easy to understand it.
Do comment your doubt or suggestion
IRCTC INTRADAY SETUP 1 HOUR CHART Hello traders
we'll discuss about IRCTC hourly chart, the price is in supply zone which is fresh so i think it will be respected
the volume will play a big part in achieving the targets
thank you
feel free to ask any doubts
this might also fail if u look according to market structure
Simple Trade Setup | IRCTC | Last Week August 2021 (2)NSE:IRCTC
Observations:
1) On daily time frame still it has been trading in the parallel channel .
2) Today it broke the middle trendline support and closed just above the bottom trendline of parallel channel.
Please refer Chart below: daily time frame.
Trade Setup for Last Week August -2021
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) Please refer below levels for intraday trade for 24-08-2021.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | IRCTC | Last week August-2021NSE:IRCTC
Observations:
1) On daily time frame it has been trading in the parallel channel.
2) If you see earlier bottom trendline of channel was working as a resistance.
3) Then middle trendline of the channel was working as resistance.
4) Then bottom trendline of channel was working as support and then it gave good breakout of the middle trendline and now middle trendline is working as support and upper trendline is working as resistance.
Please refer Chart below: daily time frame.
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Trade Setup for Last Week August -2021
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.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | IRCTC | 13-08-2021NSE:IRCTC
Since this stock's movement from last one week has been driven by one news about stock split so it is a bit tough now as it is already on the higher levels.
Today's move came after the confirm news about 1:5 split. And then sudden selling/profit booking was seen.
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Anyway, here I tried my best to provide trade setup based on technical analysis.
It has made rounding bottom breakout and breakout level was at 2660-2661.
Tomorrow if it opens flat or minor gap down and comes till 2660-2661 and gets support from it then it will be perfect entry for buy trade and easy quick target will be 2700-2710. But if it fails and breakdown then it will be short trade entry till that critical zone.
And if it opens above 2700 level and keep on trading above it then it will be entry for buy trade. Highet open interest in call option is at 2700 level. And then on 2800 level call option. So breakout or support of 2700 will give easy 40 points upmove in IRCTC.
Further if it breaks down below the critical level the we can see panic profit booking in it.
But if you are a positional trader for long term then you no need to worry. As a fundamental this company is good to hold till you die.
Hope I made it simple to explain.
Do let me know your doubt or suggestion.
All the best.
Bullish Pennant Pattern | IRCTC | Simple Trade Setup | NEXT WEEKNSE:IRCTC
After big gap-up in this week, it has been trading and making higher lows and lower highs. And it is forming a Bullish Pennant Pattern.
Fundamental
That Bullish move (big gap up )is mainly by the news of Stock Splits. On 12th Aug, board meeting is there in consideration for Stock Split.
Simple Trade Setup
Trade levels and Targets are mentioned on the chart. Hope it is easy to understand.
Do comment your doubt or suggestion.
IRCTC TRADE SETUP 30-07-2021 || looks bullish nowNSE:IRCTC
Today it break the trendline, also gave breakout of short term rounding bottom pattern and also tested the long time support zone and closed above it.
This rounding bottom was also made at bottom level of Fibonacci. And that level also gave good support.
Once can enter at CMP for positional trade.
For intraday it better to go long above 2325. My personal view is very bullish on IRCTC now.
Hope my ideas are helping you to understand levels, price action and taking the trade from the right level.
Do comment if you have any suggestion or doubts, I will try to response as soon as possible.
IRCTC Trade setup for upcoming days NSE:IRCTC
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1st Scenario:
After going up it will face resistance in 2350 range and come back to test support on the trendline. And if it gets support from trendline then this will be a buy trade. And if it fails to get support then our sell trade will be only initiated below 2300 level.
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2nd Scenario:
After going up it will break the level 2350 and trade in 2350 range and maintain that level.
Consecutive, 2 (15min) or at least 4 (5min) green candles should be formed above 2350 range. then there will be easy trade on buy side.
All red marked lines will be the target.
LNA-IRCTC, HEROMOTO, HDFCLIFE, ATULAUTO, AMARAJA, TAMO and moreLNA stand for Late night analysis
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls
IRCTC Rocked - More Juice To ComeIRCTC Buy Call was shared on 12 May 2021 . Our Buying price was 1820 , today kissed 2400++ . Almost 34% return on investment.
Can book partial profit. Bye the way the stock is heading to 2800++. The red trendline is the major support for IRCTC. Short term swing traders can TSL @ today's candle low.
Below is the Buy Call shared earlier.
IRCTC Trade Setup For Tuesday (6th July)Today IRCTC break the strong resistance of 2126, and it give more than more 5% return.
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So on tomorrow we can see the correction till 2131 after that it can give the upside move.
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Keep radar this stock in watchlist.
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What's your view comment below in the box.