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Irctcshort

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.
NSE:IRCTCLong
by sayenpure
IRCTC - Short OpportunityShort 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 can go for short if it opens below this level. But if this stock opens between the previous day's gap, then we have to give the time to market to fix their move, and only then we can enter.
NSE:IRCTCShort
by sayenpure
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.
NSE:IRCTC
by sayenpure
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. ------------------------------------- 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.
NSE:IRCTC
by Trading_hawk
2
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. ------------------------------------- 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.
NSE:IRCTC
by Trading_hawk
2
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. ------------------------------------- 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.
NSE:IRCTC
by Trading_hawk
2
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
NSE:IRCTC
by Trading_hawk
2
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.
NSE:IRCTC
by Trading_hawk
1
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. ------------------------------------- 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.
NSE:IRCTC
by Trading_hawk
4
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. ----------------------------------------------- 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.
NSE:IRCTC
by Trading_hawk
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.
NSE:IRCTCLong
by Trading_hawk
13
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.
NSE:IRCTCLong
by Trading_hawk
IRCTC Trade setup for upcoming days NSE:IRCTC -------------------------------------------- 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. ------------------------------------------------- 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.
NSE:IRCTC
by Trading_hawk
2