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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
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
Ircon International Ltdas last 6-month share price performance is only 4-5% and after ofs is good for buy. for the long term. IRCON’s order book as of December 2020 was Rs 32,800 crore which is equal to 7 times its trailing 12 months revenue. Almost 94% of its order book is from the Railways. source -The Economic Times IRCONs strength remains in the railway sector & around 80% of the total revenue in FY20 was generated from the rail and related projects. * This research is only for learning perpose
NSE:IRCONLong
by UnknownUnicorn7918337
IRCTC – Stellar Debut -The Next Station Please?Last Price@718.50 - 15th Oct 2019 IRCTC which is a very common name across India because of their strong brand placement offering online bookings for Indian Railways got a stellar opening on the domestic exchanges yesterday. Similar to an experience of products like Colgate, Amul, etc– I still remember childhood days when we used to ask shopkeepers, not toothpaste- “Colgate Dena please” & “Amul butter hai kya”. You being a tech-savvy & use the internet for everyday use, you are most likely to refer IRCTC for rail ticket bookings. IRCTC also provides catering services and packaged drinking water in railway stations and trains apart from selling rail tickets online. Given, a stellar opening for the stock on domestic exchanges, Investors would be interested to know the next stop for IRCTC. Technical Outlook Technically, stock post listing made Intraday high of 746 & doing sideways between 700-750 zone. Holding 700 or slightly below on downside, the stock is expected to travel to new highs above 750. We look to book profits in 825-850 zone & above 850, upside extension could be 950-1000 levels. Don’t ignore the downside of the stock which is 700 – dropping below key level & failing to bounce above the level of 700, can push stock lower to 650 & more on downside. Have a safe & happy journey!!!
NSE:IRCTCEducation
by WaveTalks
16