Irctclong
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.
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Happy Trading!
InvestPro India Team
IRCTC - Long/Short OpportunityShort/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 expected in this stock. But if it closes below 799.20 then we can go for short, it will happen if the international market crashes.
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.
Simple Trade Setup | IRCTC | 04-01-2022[INTRADAY]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.
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Trade Setup for Date: 04-01-2022
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.
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 respective level considering how price action works near that level.
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.
10/11/2021 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 at C.M.P (Current Market Price) and Maximum Below at 900
Target 1:- 1090
Target 2:- 1206
Target 3:- 1502
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.
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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.
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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.
What next in IRCTC ? 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 range.
I can see profit booking to continue till 4000 -4050 level. From this level if it shows the reversal then it will be buy trade.
Note: This is my personal opinion. this is not any trade recommendation. I may be wrong or right.
Please do your own study before taking trade.
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