Welcome to this analysis
Stock had a dream listing and a very strong 2 years bull trend. Post that it saw a sharp retracement.
Now, it appears to once again attempting another rally after making a double bottom in the weekly time frame.
Range for short term 725-690 for medium term 900-650
Happy Investing
IRCTC FUTURE PROJECTION : IRCTC is running inside a triangle and the highway it had taken broke from above to ₹550 then to ₹770 broke to 770 then to 550 to 550 then it made a turn up a bit to 550 again moving further expect it to 550 or even lower to 500
IRCTC stock now trade 662.45. Stock trade near breakout level. Once break and hold above 675 upmove start. Buy Above 675 Hold 1 st and 2nd Target.
Time Frame : 1 to 3 Month
Target mention in chart.
Glad to announce weekly performance of the trading Ideas recommended from 3.1.2022 to 7.1.2022
TOTAL 14 CALLS : 7 Booked profits
6 Open
1 Stop Loss Hit
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Maverick...
The IRCTC Incident - Who would pay for the MTM Shortfall?
Yesterday I was one of those who could use the 30% free fall in the share prices of IRCTC and added a few shares that are now available at an affordable price per share thanks to the share split done by the company. The split was done with the good intention of enabling more participation from the retail...
Hello traders
we'll discuss about IRCTC hourly chart, the price is in supply zone which is fresh so i think it will be respected
the volume will play a big part in achieving the targets
thank you
feel free to ask any doubts
this might also fail if u look according to market structure
In this video I talk about how we can find good buying opportunities when the markets are witnessing correction. I'm using 10,20,44 Exponential Moving Averages on my chart along with RSI(14) indicator. On the screener we are looking at stocks which have Market cap greater than 50 Billion & sorting the 3 month performance from high to low. The rationale behind this...
IRCTC looks weak for the short term target, one can bet for target 1200/- as in coming days govt planning to stop train services which can be effect on this stock much more.
Currently IRCTC is in range bound movement. It has broken 20 day simple EMA however volume is not supporting it. Also it breakouts on Doji candle which is indecisive candle hence it is not good to trade in it untill it breaks out on either side with volumes
Trading Strategy
Scenario 1-
Holding above 920
Part A:
Expect upside push to 980-1000 zone
Part B:
Selling if fails to cross 1000 or crosses 1000 falls immediately then expect 920 / 850 /700
Scenario 2 -
Strictly Holding above 1000 for extreme bullish scenario- Expect 1500 -1600 Target zone. Failing to hold 1000 post crossing above becomes "Part...
