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Irctctechnicalanalysis

IRCTC - Monopolistic Business Model - Multibagger Stock IdeaIndian Railway Catering and Tourism Corporation (IRCTC) is a Mini Ratna Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems. This is a follow-up idea of the original idea posted on May 26, 2021 when the stock was barely giving any movement. That time it was recommended to buy at Rs.1900 levels. Later when the Stock Split was announced by the management since then the stock is good roller coaster ride. Then 3 days back when the stock was banned again from F&O roller coaster ride seems to see an end and not just that it started coming down. Currently the stock is trading at Rs.4500 after correcting from the highest level of Rs.6396, almost 30% correction. Now the question is what next? Let's look at some facts and figures: > Fundamentals are still strong it was 6 months back. > OPM has increased to 46% in June Qtr as compared to March Qtr of 43%. > Promoters holding remains unchanged at 67.4% in Sep 2021 Qtr. > The company is still a debt free company. > Mumbai- Ahmedabad HSR corridor for bullet train is under construction in full swing. > Recently the company has started bus booking services. > More and more old routs which was suspended or were running on lower frequency is coming on track. > Revenge Tourism can be seen at almost all the tourist attractions. Considering all other facts the business of the company has got even better as compared to what it was 6 months back. If you were holding it then you should definitely hold it now. We have not sold even a single share of this company after this this 30% fall. If you want to earn multifold return of 300-500% in long term don't be restless when stock corrects to 20-30% in short term. After the split when the stock price will be much lower than now then will be the time where small investors will jump into the stock and will another good runup in short term. You can always reach out to me on other platforms in case of any question, I will be glad to answer. Risk Management Tip: Never invest more than 5% of your capital in any single stock. Your likes and comments motivate us to bring more profitable studies like this. Happy Investing! ShareMktSchool
NSE:IRCTCLong
by ShareMarketSchool
10
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.
NSE:IRCTC
by Trading_hawk
10
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
NSE:IRCTCLong
by RK_Chaarts
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