IRCON trade ideas
This railway sector player is testing multi-week breakout zone!NSE:IRCON is an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc.
The railway sector is picking up pace in India and this stock is showing consistently increasing sales, net profit and EPS. This has resulted in the stock giving a healthy 33% absolute stock price return in the past 1 year (source: screener.in)
Although a bit on the expensive side compared to book value, the stock has also given out a healthy dividend!
Definitely one to watch out for.
IRCON - 3 Years Breakout IRCON organization is into Construction Business - covering construction activities and services in the infrastructure sector.
Railway and Highway Construction, EHP sub-station (engineering and constructions), and MRTS are the core competence.
2022-11-08 : Volume is Highest in 6 months
2022-11-14 : Volume is Highest in 6 months , Close crossing 4 weeks HIgh and also crossing Weekly pivot
2022-11-23 : Close crossing 4 weeks HIgh and also crossing Weekly pivot
Weekly close is Highest in past 3 years.
Add to watchlist -
Long IRCON - Move is ON..NSE:IRCON
✅ #IRCON trading above Resistance of 60
✅ Next Resistance is at 81
✅ Now trading at all time high
Here is related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
2.9 Years Multiyear Breakout at IRCON2.9 Years #Multiyear #Breakout at #IRCON (Ircon International Ltd) Weekly Chart. Its #Outperformed #Nifty.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Ircon International -Inverse Head & Shoulders Pattern Breakout.Ircon International -Inverse Head & Shoulders Pattern Breakout Daily Time Frame. Entry Zone-45/46.Expect a Target-53/54.Stop Loss-42 Closing Basis. Only Education Purpose..
Ircon international Ircon international. Head & shoulder break out..quick 15_20% return possible.cmp:45.8 sl:42 target:53-54.
Ircon International Ircon International
Inverse H&S Pattern: Weekly Basis
Price Trendline BreakOut
Vol. BreakOut
Good to Go!!!
Strick SL to be Maintained & Trailed.
Do Your Own Research as well!!
Happy Investing:)
IRCON , Breakout with volumeIRCON has given a good breakout with volume, Go long with SL of recent Swing low. Like Comment and Follow.
Ircon International- in sweet spot-Extremely bullishstock after listing trading in a constant level, touched the base and rebounding. Tested the based thrice and rebounded.
Expecting a healthy recovery from this price,
Ircon InternationalIts time to share my view on ircon international stock,
My View Is, Ircon was stuck in High 54 and Low 40 , i mean this range which play ircon,
so am just sharing my view on Ircone International ,
Its for educational propose , see and learn , How react chart pattern and structure
"Passion With Chart , Know With HeartBin"
Market Cap = ₹ 4,392 Cr.
Current Price = ₹ 46.7
Stock P/E = 9.01
Book Value = ₹ 48.6
Promoter holding = 73.2 %
Debt = ₹ 943 Cr.
double bottom pattern formation.support and ressistence working nicely. good chance for a swing trade.
IRCON symmetrical triangleIRCON symmetrical triangle emerging and poised to break out
watch this break out closely and long term target is Rs 135
IRCON: on the verge of potential 20% upsideAs it breaks the triangle pattern, go for it.
Target: 59-60
High volumes and RSI suggests the same.
Consider this idea for educational purpose only.
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
IRCON levels...26.09.2021 ( D candle)IRCON ...Its breaks the trend line and it will touch 50+ in short term, keep SL as 40@ Daily candle closing basis
irconjust wait for ircon come back.... once it will come it will rock and atleast it will give 25% return within 1 month
IRCONStock has bounced from the demand zone and looking good to go up. Maintain close below the demand zone as SL.
IRCON looking good for short term investmentStock trading very close to the trend line support on day chart...
