Short/Long Opportunity -
IRCTC is in the sideways zone on the daily & hourly chart. If its candles traded between 810.30 to 799.20, then we have to ignore this stock, as there is a high chance that this stock will go sideways. There is an important level of Rs. 811.15. If any candle closes above this price then we can go for long as there are bullish sentiments...
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.
Short Opportunity -
IRCTC - Indian Railway Catering Tour Corp Ltd. was in a sideways zone on the daily timeframe. But on 24th Feb it has broken support of Rs. 774.45 and gave a big move on the downside. As per the daily chart timeframe the candle closed below this level, so it is expected to go down. The CCI, MA & VWAP is clearly showing a downtrend in IRCTC. We...
*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.
IRCTC -
There is narrow CPR in this stock. CCI is near -100 and VWAP has crossed MA at the downside. So, we can consider this as a downtrend in this stock, if this trend continues on Thursday. But we have to wait for the confirmation! As you can see there is two line zone drawn in this picture, if the stock gives a breakout of the resistance line, then we can...
NSE:IRCTC
Observations:
1) On 1 day time frame, we can see that it bounce from 50DMA. 50DMA is immediate support.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see that if had came out from the channel resistance and today it tested this channel and bounce from it. Now this channel will work as support.
Please refer below...
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. ...
![IRCTC: Simple Trade Setup | IRCTC | 20-01-2022 [INTRADAY]](https://s3.tradingview.com/x/xsaHgTyI_mid.png "Simple Trade Setup | IRCTC | 20-01-2022 [INTRADAY]")
![IRCTC: Simple Trade Setup | IRCTC | 04-01-2022[INTRADAY]](https://s3.tradingview.com/z/zWxrJYGR_mid.png "Simple Trade Setup | IRCTC | 04-01-2022[INTRADAY]")