IRCTC
This chart appears to be a candlestick chart for IRCTC (Indian Railway Catering and Tourism Corporation) stock prices over a period from June to December 2024, with a descending trendline indicating a bearish trend overall. Here are some observations:
Bearish Trend: The descending trendline suggests that the stock has been in a general decline since June 2024. This indicates that the price of IRCTC shares has been decreasing over this period.
Support and Resistance: The trendline might act as a resistance level where the price struggles to break above. The price has touched this trendline multiple times, indicating it's a significant level for traders to watch.
Recent Bounce: Towards the end of the chart, there's a noticeable bounce in the stock price, suggesting some buying interest or a potential reversal. This could be due to various factors like positive news, earnings reports, or market sentiment.
Volume: If volume data were available, it would provide more context. Typically, a bounce with high volume could indicate stronger buying support.
Time Frame: The chart shows daily candlesticks, which means each candlestick represents one day of trading.
Current Price: The last price shown is 843.05 INR, with a slight upward movement at the end of December, indicating some recovery from the previous lows.
Future Outlook: If the price breaks above the descending trendline with significant volume, it could signal a potential trend reversal. Conversely, if it fails to break this resistance, the bearish trend might continue.
For a more detailed analysis or if you're looking for trading advice, consider:
Technical Indicators: Adding indicators like RSI, MACD, or moving averages could provide more insights into momentum and potential reversal points.
Fundamental Analysis: Looking at IRCTC's earnings, news, and market conditions could offer a broader perspective.
Market Sentiment: General market trends and sector performance could also influence IRCTC's stock movement.
If you're considering trading based on this chart, remember to set stop-loss orders and have a clear strategy for both entry and exit points.
Irctcviews
IRCTC - BULLISH & BEARISH BIASSymbol - IRCTC
CMP - 900
IRCTC is currently trading at an interesting zone. After a good rally in the last year, This stock is following a trendline resistance making lower - lows price action & showing no strength of price growth.
I am tracking this stock from quite some time. I will be interested in long positions on breakout of 940-950 resistance zone. I will be even more interested in shorting this stock if this stock breaks 850 on downside & sustain below it as it stock is making a Head & shoulders pattern in larger time frame.
Such patterns tends be more accurate on larger time frame & don't fail if gets activated. This pattern will get activated if price break neckline on the downside then I will be shorting futures for more downside targets.
What will happen? Only the time will tell. My job is to keep it on radar & enter in longs above 950 & enter in short below 850.
Indian Railway Catering & Tourism Corporation - IRCTC - BreakoutDate : 1-Apr-2024
Rating : Buy - Positional Trade
LTP : Rs. 970.15
Targets: (1) Rs. 1,049 --> (2) Rs. 1,118 --> (3) Rs. 1,279
SL : Rs. 930
Technical View:
• NSE:IRCTC is in its primary uptrend since Oct-2023 and was recently going through it's secondary downtrend.
• After touching the high of 1,049 on 20-Jan-2024, it has retraced 18% to 862.75 level.
• NSE:IRCTC has broke out from its secondary down trend on 1-Apr-2024 with higher than average volume.
• RSI has crossed over 50 on 21-Mar-2024. MACD has crossed over 0 on 1-Apr-2024.
• On 21-Mar-2024 it has closed above 20 DMA.
• Looking strong to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
[LONG TERM] IRCTC LONG TERM IRCTC this stock only for long .
This Long term Investment only base on Indicator which is 5 EMA On Montly.
If you afford the stoploss then only take this trade for Long Term.
I didnot read any fundamental for this stock. This is purly on Indicator.
This is only for education purpose.
06/10/2022 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 @ C.M.P (Current Market Price)
Target 1:- 840
Target 2: 930
Target 3:- 1000
Sometimes for the global problems (Like: ECONOMICS:USIRYY , TVC:USOIL , TVC:UKOIL , ECONOMICS:USINTR , WAR and etc. ) the stock price can be go on down, BUT IF YOUR RESEARCH IS ACCURATE, THEN BELIEVE IN YOURSELF & HOLD SHARES WITHOUT STOPLOSS.SELF CONFIDENCE IS LIKE GOD. BELIEVE GOD.
Also If You Have Believe on My Research , Then That My Past Year Research Report Will Also Be Active:-
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.
To motivate us, Please like the idea If you agree with the analysis.
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 - 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.
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 | 20-01-2022 [INTRADAY]NSE:IRCTC
Observations:
1) On 1 day time frame, we can see that it bounce from 50DMA. 50DMA is immediate support.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see that if had came out from the channel resistance and today it tested this channel and bounce from it. Now this channel will work as support.
Please refer below chart : 15 min Time Frame.
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Trade Setup for 20-01-2022
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.
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: Price Action AnalysisIRCTC has breached the trendline at 866 and 50 day EMA at 826. Critical is the Fibonacci level at 823, the breaking of which the stock should find a resistance at 803. Below which another support is at 777. Further downward movement and 723 should act as a strong support zone, which is also 100 day EMA.
On the positive side, target of 1056 if it breaks the resistance of 927 and 977.
Currently, I am negative on this given the upsurge in a new variant of Covid 19 and the effect this might have on the travel and tourism industry. The above levels given, should guide how one should plan his/her investment in this stock.