Stock was posted previously and given result as mentioned, now again retested it's BO level and again moving upward, follow chart for proper entry and exit levels.
IRFC is trading in a triangle pattern and awaiting a breakout on either side.
In scenario of upside breakout - The targets are following
T1 - 43.55
T2 - 46
T3 - 53
In scenario of breakdown - the targets are following
T1 - 23
T2 - 18.60
T3 - 16.15
IRFC Stock Analysis
20-25 is the demand Zone for IRFC Stock. Good Opportunity to buy for Midterm-Longterm Investment.
If IRFC Stock Price takes Support From the Demand Zone and If we see a bounces back Price Action in Daily Time Frame,
Targets on Upside are 36/43 with a Stoploss of 18.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
IRFC Daily looking bullish, it has trendline breakout also Inverted head n shoulder BO. Daily candle has 200 ema support.
Good to buy at 22.15 for target of 24.35 with sl of 21.30
IRCTC is down from it resistance nearly 25% .
"don't try to catch a falling knife," 🔪
one can try near 550-560 for long.
with SL of 498-506
if anyone have another logic for IRCTC then comment me .
current is time to start SIP .
like my idea and also follow me
All channels and Analyst suggesting a buy on this stock but on Charts showing Bearish Harmonic pattern.
If it follows this bearish target then very soon we will see a target of 21.70 - 21 INR. Many may not like it.
Stop Loss is above 25.60 closing basis on daily charts.
Be careful with investing at higher levels unless it closes above 52 week high.
irctc is ready to blast .
BUY if the price closes above 801 . strict sl- below 20 EMA .
irctc now taking support of 20 EMA & resistence at 100 EMA .
start accumulation .
do like my idea if you agreed .
irctc is moving in a range . it can give big move if it break darvas box with strong volume ..
learn and earn . dont invest blindly . always buy in recession market and sell in boom market .
NSE:IRFC
>Forming a triangle on 4-hour time frame
>It has breakout on the line chart but not on candlestick chart.
> For good confirmation we should wait to align both charts ( line and candlestick ).
> IRFC is facing heavy resistance at 25.50 to 26.50 range if this break then we can initiate a long position.
>Entry above - 26.50.
> RSI has bullish...
