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.
Irctcbuy
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
IRCTC ANALYSIS!!! Short Term moves can be seen in IRCTC in the upcoming days.Huge liquidity taken, wait for the right time to entry in it.
It's a deep analysis on how the stock should move!!
Warning!!!
Do your own analysis and then enter in it. Don't follow blindly. Get help from ur financial advisor.
IRCTC: Ready for another impulseAfter the formation of ending diagonal stock has given an upside impulsive rally and undergone into a corrective phase. The recent price action suggests that corrective phase has been over and stock is ready for another leg of impulse on the upside.
One should buy the stock in the current levels or on dips near 730 zone , keeping SL of 660 look for the tgt of 840-45 and 920-25 region in the coming weeks.
06/10/2022 Research Report For IRCTCDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note I have already bought IRCTC shares for my own portfolio and also we can use this research again for my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do your own research and also do take advice from your financial adviser before invest any single rupee. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy @ C.M.P (Current Market Price)
Target 1:- 840
Target 2: 930
Target 3:- 1000
Sometimes for the global problems (Like: ECONOMICS:USIRYY , TVC:USOIL , TVC:UKOIL , ECONOMICS:USINTR , WAR and etc. ) the stock price can be go on down, BUT IF YOUR RESEARCH IS ACCURATE, THEN BELIEVE IN YOURSELF & HOLD SHARES WITHOUT STOPLOSS.SELF CONFIDENCE IS LIKE GOD. BELIEVE GOD.
Also If You Have Believe on My Research , Then That My Past Year Research Report Will Also Be Active:-
SUPPORT LEVELS FOR IRCTCOn many requests, here is the analysis of IRCTC.
We strongly believe IRCTC will be a good buy for mid to long term investment at levels marked with green color on the chart. Those looking for a fresh entry, can buy in parts on green levels and hold for upper marked targets.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
IRCTC - Long OpportunityLong Opportunity -
IRCTC has made ascending triangle pattern and it closed above this level. It means that there is a bullish movement expected. The level of Rs. 809 is the Minor SR, if the first candle closes above this level there will be a strong movement expected. There will be a target of 20 for intraday.
Indian Railway Catering & Tourism Corporation Ltd - 25.02.2022Indian Railway Catering & Tourism Corporation Ltd - 25.02.2022
The stock is trading @ 800 levels
There is a hurdle @ 802 levels
The prices are below EMA
RSI is 52 in Weekly Charts
Let the prices go above 818
watch out for the price actions
IRCTC - Long OpportunityLong Opportunity -
IRCTC - Indian Railway Catering Tour Corp Ltd. is in the trend reversal mode. It closed above the strong support level of Rs. 781.10. The CPR & CCI is indicating there is a bullish move expected on Monday. If the first candle of this stock is close above this trend line then we can go for long.
IRCTC - Long/Short OpportunityLong/Short Opportunity -
IRCTC has strong support on Rs. 781.55 & stock has sustained to this level till now. Also, there is resistance at Rs. 793.83. The MA is showing a sideways zone. There are high chances that this stock will cross-resistance and give bullish movement because the CCI is indicating a bullish move. And if we observe it very closely there is a small cup & handle pattern that has formed.
But if this stock first candle closes below support level it might give you the bearish move. As per the CPR, we are expecting a big move in this stock.
But we have to be curious because the international market is bearish and very volatile. Let the market settle and only then we can enter.
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.
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.