Railway
RAILTEL, railway stocks are setting up again.Check railway stocks, how well they are setting up and buzzing loud on twitter. But like only railtel and texrail, as not looking for stocks which didnt breach 4th June bloodbath bar. No regret if they give big moves as I'm following the system. And between these two, railtel is top priority, as:
-One simple horizontal line setup (favourite), and consolidating for 150 days in the range
-After 4th june big fall, two white dots( 5% move with 1M vol) indicating big players are buying this stock
-Clean setup
Buying above 428 (cheat entry: buying before major resistance in anticipation of breakout.
No buy/sell recommendation.
Jupiter wagons- Charged up for new bull run!Jupiter wagons has been one of the multibagger stock from railway theme.
Stock has given 5x returns in less than a year.
Stock has recently cooled off and now looking ready for another wild move.
Risky traders only should enter such stocks with less quantity since such stocks get locked in lower circuits as well.
Are you ready to catch this explosive stock?
Do follow me if you like my analysis!
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:-
Railway Track Pattern Railway track pattern
Don't know how many are known to this pattern but in my trading years i have noticed that Morning star/Evening star and railway track patterns are the most seen candle stick patterns at reversals
i personally trade this pattern in all the markets. Some even call this as order block. It doesn't matter what you name this pattern ... it works phenomenally
1. What's so special about this pattern :
This is a confluence pattern, If you get to see bullish RT in 1hr TF if could be morning star pattern in lower TF and could be a bullish pin bar in higher TF, which means you are literally covering
3 time frames in just one pattern
2. Where to identify and consider the pattern:
Majorly at support for bullish RT(Railway Track) and resistance for bearish RT could be any sort of Support Resistance and/or Pivots, look for the volumes for better confirmation.
3. Entry and Exit with SL :
One can take entry with two different ways. Aggressive and Safe entry. If you notice the chart above there is a line drawn on the RT candle mid which will
act as your entry for safe entry and SL will be the low of the
candle in bullish RT and high of the candle in bearish RT Exit will be according to your trading style and timeframe used or take confluence from other
indicators/price action
These RT candle mid will be working as Support and Resistance in future. You can see the above chart for reference.
Cons of the pattern :
The pattern works well in all the time frames yet it has its pros and cons just like any other pattern yet they seem to be more informative. once you see Bullish/Bearish RT being failed there is 70% possibility That you will get to see a move on the other side. Concept is very similar to Block order / fulfilling left over orders. Lower timeframe signals are not that reliable in some markets but can be considered if used with confluence
If the concept looks vague look at the chart above, This is just an idea, workout on the pattern and its probabilities before going live.
Note : Just for educational purpose and not a recommendation.
Positional Long Trade Setup | IRCTC | SHORT -MID TERMNSE:IRCTC
Observations:
1) On daily time frame, we can see finally, it closed above 10DMA.
10DMA is placed at 845.77 level range.
Please refer below chart : 1 day Time Frame.
2) Also on daily time frame if we apply for FIB Retracement then we can see that it has been trading between 50 & 61.80% level range of FIB.
Please refer below chart : 1 day Time Frame.
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Sustainable breakout of 50% FIB level which is at 895 level range then we can see good upmove.
Major resistance range is 895-905 level range. One can take Buy trade from CMP with target of 905 level if want to have short term positional trade. With SL of 840 level.
Major support is at 800 level. Sustainable breakdown of 800 level will make it bearish.
Anyway, in general IRCTC is a good fundamental stock to have in portfolio for long term.
In mid term, we can expect the target of 1100 and 1200. One can keep SL of 840 or 800 as per risk taking capacity.
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Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with SL as per your risk capacity. This is just my personal view. It is not a trade recommendation. Better to consult with financial advisor before making any investment.
IRCTC FUNDAMENTAL BETGoI recently announced monetization of 400 railways stations or nearly 152,000 crore of assets. considering this is positive for the stock we can go long in this. immediate support lies on the horizontal support drawn below which is for short term traders. long termers can hold the stock according to their risks. targets are marked on the charts which are for both short term and medium-long term.
IRCTC Trade setup for upcoming days 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.
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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.
IRCTC Trade Setup For Tuesday (6th July)Today IRCTC break the strong resistance of 2126, and it give more than more 5% return.
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So on tomorrow we can see the correction till 2131 after that it can give the upside move.
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Keep radar this stock in watchlist.
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What's your view comment below in the box.
IRCON INTERNATIONALA Symmetrical Triangle pattern on weekly charts.
There has been a lot of tension around the 93 level and the volumes suggest this time it could breakout well.
This chart call is a bit pre mature awaiting a breakout, but just with a hunch that it could do well , I'm taking a risk before the breakout.
Safe investors can take it only after it closes above and sustains above 93.