IRCTC for 30% gainsDate: 30 Sept’24
Stock: IRCTC
Timeframe: Daily chart
IRCTC seems to have begun its up move in Wave V of 5 which is heading towards 1225-1275 (30%+ from the current price of 930) as seen in the chart. A more clear target will appear as it moves beyond 1000; in due course of time. Both volume and RSI are gaining momentum.
This is not a trade recommendation. Please do your own analysis. I am not a SEBI registered RA.
Travelstocks
Thomas Cook, one simple horizontal line setupTraveling is booming in India post covid.
And travel companies are enjoying this piece of pie.
-Posted growth YoY EPS growth, OPM% also improving.
-Near Major resistance, under which it is consolidating for 50 days (good consolidation)
-Good Shakeout, when price went below major ema (here 21 dema) and rally back (also known as MAU&R: Moving Avg Undercut and Rally)
-Tightness near resisantance.
-Signal Candle (5th n 7th June candles are white dot, which is more than 5% move with 1M vol) suggesting big players are buying. Retailer buyers cant create such volumes.
If it breaks this resistance level. with good vol (basically more than 10 day avg) then can expect good move.
No buy/sell recommendations.
Accelya Solutions for 60% gainAccelya is a software solutions provider to global airline and travel industry, the sector that is booming more than ever. The stock looks good to attain a mid term target of 2750, also the 1.618 Fibonacci level, visible on the chart. In addition, a cup and handle (C&H) is under formation since Feb 2017 which has a target of 3000+. In any case, a 60% jump is attainable in the next 6 months to a year i.e a minimum of 5% a month.
Remember, the easier it seems, the more it tests your personal traits. This is not a trade recommendation. Please do your own due diligence.
EASE MY TRIP Annual Revenue rose 85.86%, in the last year to Rs 464 Crores. Its sector's average revenue growth for the last fiscal year was 21.78%.
The only company in OTA sector to make profit. B2B2C
monopoly listed company business making profit
Quarterly Net profit rose 67% YoY to Rs 47.18 Crores. Its sector's average net profit growth YoY for the quarter was 6%.
Easy Trip Planners Ltd. has a share price target of Rs 44, revenue growth forecast of 27.3%, and profit growth estimate of 13.4%
Sector will grow at an avg of 14% CAGR for the next year with travel crowd doubling in the next 5 years !