IRCTC 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...
From 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...
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.
After 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...
Disclaimer:
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...
IRCTC has consolidate in a zone and is breaking out of it's downtrend on short term view or swing basis.
Targets are marked as follows T1, T2, T3.
This is my view, If you have any ideas do suggest in comments !
On 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...
Long 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 - 25.02.2022
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
Long 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.
*Long Opportunity* -
IRCTC has made a bullish peanut pattern, which indicates that there will be a bullish move expected. The MA is headed to the upside, which confirms the uptrend. If the first candle of this stock closes above this pattern then we can go for long.
Long/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...
