NSE:IRCTC
Symmetric Triangle
After consolidating for few weeks IRCTC has formed Symmetric Triangle pattern.
Breakout on the upper side can give good momentum to stock.
RSI : RSI above 50 shows that bulls are strong compared to bears and there is demand in the market.
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Yours,
Mr_Financial_Literate
Hi All,
As per my understanding in IRCTC a bull flag pattern has formed which is basically a bullish pattern. we can expect further upside move for the target of 900 in short term.
BUY ABOVE 845
TARGET 860-865-875-890 900+
This is my personal view kindly do your own research before investing.
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
Buy-Above- 880
Sl-780
T- 1010 1200+
The stock has been consolidating after a good correction. It has stopped making lows. Buying Activity is been seen here.
It will show good momentum after the level breaks.
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....
NSE:IRCTC
#IRCTC level shared and it bagged almost 50K per lot.
Same recommendation give in Trading view as well.....
If you like the analysis hit like and extend your happyness.
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...
NSE:ICICIBANK
#ICICIBANK triangle BO
Post confirmation may try 780 CE with resistance level as SL.
Today levels with results shared, beginners may check for reference.
Can reach me directly in case of any queries.
Happy Trading !!
NSE: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...
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...
![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]")
