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...
NSE: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...
NSE: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...
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...
NSE: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...
NSE: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...
NSE: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...
NSE: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...
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....
IRCTC 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...
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.
IRCTC
BUY ABOVE 1820
SL -1765
TARGET- 1900 1950 2000 2100 2150
DURATION- 1-2 WEEK
NOTE:- I AM NOT SEBI REGISTERED . ALL THE ABOVE ANALYSIS SHARED IS MY PERSONAL OPINION.
NSE:IRCTC
go long above today's high target above PRZ , if find reversal from PRZ one can short as well as indicated on chart.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not...
![IRCTC: Simple Trade Setup | IRCTC | 28-09-2021 [INTRADAY]](https://s3.tradingview.com/u/upAFsYKC_mid.png "Simple Trade Setup | IRCTC | 28-09-2021 [INTRADAY]")
