IRCTC trade ideas
IRCTC for Shortirctc is spending more time at upper levels but not making HH and HL so if it breaks the 645 level one can short it with a small SL
Short IRCTCWill existing trend continue in IRCTC.
Current price - 668.
Stoploss - 760.
Target - 600.
irctc 15min trade ideaSwing trading ideas
lets, watchout for this stock and see how this trade works out
taking support multiple times,
Buy after breakout of resistance line,
weekly support
Expecting a move up for budgetIRCTC showing signs of reversal prior to Budget. Expecting to move up during budget
IRCTC Looking GoodIRCTC is consolidating from many days in 10-15₹ Range and started giving closing above resistance area but still there is a strong resistance at 650₹ level once it give breakout above 650 we may see the good bullishness in irctc as it is also a one of the top picks of budget session so go long
Recovery can be seen in IRCTCIRCTC fallen very much in some days . In charts stock is at important level we can see a some recovery here because stock has a strong support level here so incoming 1 or 2 month stock can see a strong up move
IRCTC ARRIVING ON TIMEIn 1 hours time frame IRCTC has formed ascending triangle pattern . looking good for buying at current price with 630SL. stock has not given breakout. after breakout we are waiting for 680target.take entry after 645.
#Irctc cash : Looks good above 640.10#Irctc cash -Positional call
27-12-2022
Looks good above 640.10
for 658-660/688-690/708
Stoploss at 620
Cmp 633.10
IRCTC BULLISH VIEWIRCTC has completed it wave 1 or A and also completed corrective wave 2 or B and closed above 61.8% retracement. Buy for Tgt og 880/1020
Is IRCTC ready to show 615 levels?NSE:IRCTC looks bearish. Death cross is there and on top of that multiple bearish candles on chart. The kind of bearishness it's holding can show 615 levels soon.
IRCTC trading viewIRCTC logs steepest decline in three months as govt's OFS kicks offs
The government is selling up to 5 percent stake in the company through an offer for sale (OFS) at floor price of Rs 680 per share, expecting to garner Rs 2,720 crore for the exchequer.
Due to this news, stock fall 5% around,
this stock will fall till 670, add share at 670 and wait for target 720
time - 6-to-8-week time
thanks
IRCTC Offer For SaleGovernment has launched an OFS in IRCTC at a discount and that has caused the stock to correct. I do expect it to recover soon however, i would like to initiate fresh buying in this only above 705-710. Be watchful.
BUY IRCTC @734 Trgt 780 , 880+BUY IRCTC @734 Trgt 780 , 880+ More consolidation 670 to 770 price last 4 months
IRCTC can moveIRCTC ready to move towards 1100 levels in 3-4 months time. Volume looks decent, forming inverted head and shoulder pattern in daily and weekly time frame. Consolidating for a few days now and can have a large volume candle very soon.
Irctc - waiting for a reversal Irctc - can move up from here. 730 is the level to watch for. Can rally from here
The enabler of travel and tourism, IRCTC is poised for good daysIRCTC has broken upwards from a cup pattern (with a bit of imagination some would argue an Inverse H&S as well) Keeping a closing basis stop loss of 749 one can look for an immediate target of 840. With travel and tourism seeing huge traction, IRCTC as an enabler of mass travel has high possibility of posting strong results this quarter.
RS increasing, in Daily RSI >60, Earnings released today Technically looking nice, Daily RSI >60 Club
IRCTC Q2:CONS NET PROFIT UP 43 % AT 226 CR (YOY), DOWN 8 % (QOQ)
REVENUE UP 99 % AT 805 CR (YOY) ,DOWN 5 % (QOQ)
EBITDA UP 48 % AT 305 CR (YOY),DOWN 5 %(QOQ)
MARGINS AT 37.8 % V 50.7 % (YOY), 37.6 % (QOQ)
IRCTC LONG BUY IRCTC With SL 692
Target 770-785
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
IRCTC DAY CHART - 08.11.22 - BAHAVAN CAPITAL - TARGET HITIRCTC Posted on 02.11.2022 Above 756 Target 770 and on 07.11.2022 made high of 774 and closed at 763.
Happy Profitable Trading to All...
IRCTC: Cup and handle pattern BREAKOUT
Monopoly in the sector.
Strong Fundamentals with good ROE.
Cup & Handle formation is complete.
The price is above 50 and 200 MA.
Handle breakout is seen, however, there is an immediate STRONG SUPPLY ZONE (acting as resistance) just above the Handle region.
This STRONG SUPPLY zone has been broken today with a gap-up opening indicating bullish momentum.
Stoploss has been marked in Orange.
Two Target Price/Take Profit level has been marked in Red lines.
