Irctclong
IRCTCThis stock has already shown uptrend, and now after consolidating as a flag pattern, it has given breakout with volume in hourly time frame as well as daily time frame also, all the key levels are mentioned on chart, one can go long with mentioned stoploss for mentioned targets.
key levels are mentioned on chart
flag breakout on hourly chart with very good intensity of volume
flag and pole chart pattern on daily chart
macd in weekly positive and uptick
macd in daily uptick above zero line
macd in hourly positive crossover and uptick above zero line
rsi in daily positive and uptick
rsi in hourly positive and uptick
stochastic turned positive crossover in oversold zones in daily time frame
dmi adx positive ungali setup in hourly chart
bbc in hourly
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
IRCTC - Fresh UpmpveIRCTC - Looks good above today's high for the target of 4300.
intraday above 4065 sl 4020 Target -4150 4220 4300
Simple Trade Setup | IRCTC | 28-09-2021 [INTRADAY]NSE:IRCTC
Observations:
1) On Daily Time frame, It took good support from 10DMA and made reversal.
Please refer below chart : Daily time frame.
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Trade Setup for Date 28-09-2021:
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.
5) Now Trendline should work as support.
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 respsective level considering how price action works near that level.
Simple Trade Setup | IRCTC | 02-09-2021NSE:IRCTC
Observations:
1) On 1 HOUR time frame it has made a rounding bottom pattern and closed just below the critical breakout level of 2750.
Please refer below chart : 1 hr time frame.
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Trade Setup for Date 02-09-2021:
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 tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | IRCTC | 27-08-2021NSE:IRCTC
It has been trading in parallel channel for long time.
Today it took resistance from middle trendline of parallel channel.
Good positional buy trade will be only on breakout of middle trendline of parallel channel. Target will be 2750 or the upper trendline.
On breakout of upper trendline it will have good up movement.
Trade Setup for Date 27-08-2021:
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 tommorrow.
Please refer below chart for levels for intraday trading.
Hope I made it easy to understand it.
Do comment your doubt or suggestion
Simple Trade Setup | IRCTC | Last Week August 2021 (2)NSE:IRCTC
Observations:
1) On daily time frame still it has been trading in the parallel channel .
2) Today it broke the middle trendline support and closed just above the bottom trendline of parallel channel.
Please refer Chart below: daily time frame.
Trade Setup for Last Week August -2021
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) Please refer below levels for intraday trade for 24-08-2021.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | IRCTC | Last week August-2021NSE:IRCTC
Observations:
1) On daily time frame it has been trading in the parallel channel.
2) If you see earlier bottom trendline of channel was working as a resistance.
3) Then middle trendline of the channel was working as resistance.
4) Then bottom trendline of channel was working as support and then it gave good breakout of the middle trendline and now middle trendline is working as support and upper trendline is working as resistance.
Please refer Chart below: daily time frame.
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Trade Setup for Last Week August -2021
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.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
IRCTC Triangle patternIRCTC Bullish above 2750 on clb. Positional traders can watch this. with 4 - 5% SL. Plan your risk before reward.
Simple Trade Setup | IRCTC | 13-08-2021NSE:IRCTC
Since this stock's movement from last one week has been driven by one news about stock split so it is a bit tough now as it is already on the higher levels.
Today's move came after the confirm news about 1:5 split. And then sudden selling/profit booking was seen.
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Anyway, here I tried my best to provide trade setup based on technical analysis.
It has made rounding bottom breakout and breakout level was at 2660-2661.
Tomorrow if it opens flat or minor gap down and comes till 2660-2661 and gets support from it then it will be perfect entry for buy trade and easy quick target will be 2700-2710. But if it fails and breakdown then it will be short trade entry till that critical zone.
And if it opens above 2700 level and keep on trading above it then it will be entry for buy trade. Highet open interest in call option is at 2700 level. And then on 2800 level call option. So breakout or support of 2700 will give easy 40 points upmove in IRCTC.
Further if it breaks down below the critical level the we can see panic profit booking in it.
But if you are a positional trader for long term then you no need to worry. As a fundamental this company is good to hold till you die.
Hope I made it simple to explain.
Do let me know your doubt or suggestion.
All the best.
IRCTC Long above 2100 for a target of 2650NSE:IRCTC
Stock is bullish
IRCTC Long above 2100+ for a target of 2650 SL at 2000
Bullish Pennant Pattern | IRCTC | Simple Trade Setup | NEXT WEEKNSE:IRCTC
After big gap-up in this week, it has been trading and making higher lows and lower highs. And it is forming a Bullish Pennant Pattern.
Fundamental
That Bullish move (big gap up )is mainly by the news of Stock Splits. On 12th Aug, board meeting is there in consideration for Stock Split.
Simple Trade Setup
Trade levels and Targets are mentioned on the chart. Hope it is easy to understand.
Do comment your doubt or suggestion.
Simple Trade Setup | IRCTC | 05-08-2021NSE:IRCTC
Simple trade setup mentioned with levels on chart. Hope it is easy to understand.
Do comment your doubt or suggestion.
IRCTC Swing tradeIRCTC swing trade ....
Wait for todays high to be broken...
Trade with Caution..
Using appropriate position sizing and risk management....
IRCTC TRADE SETUP 30-07-2021 || looks bullish nowNSE:IRCTC
Today it break the trendline, also gave breakout of short term rounding bottom pattern and also tested the long time support zone and closed above it.
This rounding bottom was also made at bottom level of Fibonacci. And that level also gave good support.
Once can enter at CMP for positional trade.
For intraday it better to go long above 2325. My personal view is very bullish on IRCTC now.
Hope my ideas are helping you to understand levels, price action and taking the trade from the right level.
Do comment if you have any suggestion or doubts, I will try to response as soon as possible.
IRCTC Trade setup for upcoming days NSE:IRCTC
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1st Scenario:
After going up it will face resistance in 2350 range and come back to test support on the trendline. And if it gets support from trendline then this will be a buy trade. And if it fails to get support then our sell trade will be only initiated below 2300 level.
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2nd Scenario:
After going up it will break the level 2350 and trade in 2350 range and maintain that level.
Consecutive, 2 (15min) or at least 4 (5min) green candles should be formed above 2350 range. then there will be easy trade on buy side.
All red marked lines will be the target.
IRCTC Rocked - More Juice To ComeIRCTC Buy Call was shared on 12 May 2021 . Our Buying price was 1820 , today kissed 2400++ . Almost 34% return on investment.
Can book partial profit. Bye the way the stock is heading to 2800++. The red trendline is the major support for IRCTC. Short term swing traders can TSL @ today's candle low.
Below is the Buy Call shared earlier.
Jackpot Swing idea IRCTC IRCTC broke it's 52 week high today and closed above it's 52 week high.
Looking very bullish for future.
BUY above 2200 for a target up to 2640. Which 127% level of Fibonacci.
Stop Loss is 2160.
DO YOUR POSITION SIZING CORRECTLY.
Rail Time - book your ticketsmove beyond 2132
next level to watch 2170+
keeping stop 2052 for both fresh entry n open positions
disclaimer - trade @ own risk
IRCTC "Swing" Trade || Daily TFHi traders, one should enter in this trade only after the consolidation breakout with a good volume green candle. Pin down any comments if you have.
Watch IRCTCIRCTC gave today breakout with 9% move in single day.
Good volume on daily chart. Not generated here as the week have 4 more days to go.
It is today at ALL TIME HIGH.
There is risk when trading in stock which is trading at all time high.
So if I enter I will keep STRICT STOPLOSS.
Stay cautious as the money flow index have turned downwards, that's not a good indication, so if it continued to do down this may be false breakout or this is because the new SEBI margin rules. Volatility and liquidity is decreasing.
This is a little bit confusing scenario.
This is my own analysis. Hope you like it.
This post is for information purpose only.
IRCTC in Bullish ABCD Harmonic PatternIRCTC is forming a bullish ABCD Harmonic pattern. Also, price is currently in 0.618 retracement of the Fib cycle. We are expecting the stock to reach 1965/2075 in coming weeks.
