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INDIAN RAILWAY CATERING AND TOINDIAN RAILWAY CATERING AND TOINDIAN RAILWAY CATERING AND TO

INDIAN RAILWAY CATERING AND TO

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IRCTC trade ideas

Picture Abhi Baki Hai...This is Daily time frame. IRCTC went in consolidation after a big rally. For last three months it is in consolidation. It form this triangle pattern while consolidating. When the range became narrow, it gave good breakout with thick green candle with good volume. Then it retraced and retested the resistance line and now acting as support. Yesterday it form a hammer candle indicating a rejection to go downwards. When it will break 876.60 level, the high of breakout candle, then we will get confirmation that breakout is successful.
NSE:IRCTCLong
by AkshayAdak
2
IRCTC ready for the uptrend!🤩💸🔥Buy IRCTC for Positional Trading as well as Investment💸🔥💸 Comment your views!!!🧐🤔🧐 . 💡Future View: With the easing of covid restriction, improving vaccination rate and increase in travelling will lead to healthy growth in revenues for IRCTC in the coming quarters. Apart from internet ticketing, the company’s focus on e-catering initiatives and increasing revenues from advertisement & license fees bodes well for the long term profitability of the company. . ✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪 The company posted a good Q2 result & is very likely to post an even stronger result in Q3 too. . ❇️The stock is been on a long term uptrend. It is in the retracement phase from Oct 2021 with strong volume buying coming near major support shown. With the recent Volume Breakout of the last Lower High, the stock seems to have completed its retracement & now is poised for a big rally from current levels. . 💎@technofunda_trader⁠ Few Important rules from my Trading Philosophy:⁠ 1. Buy QUALITY stock. 2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues. 3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. 4. Build position GRADUALLY as the stock RISES. ⁠5. Trade in the DIRECTION of the BIGGER trend. 6. RIDE the TREND. Don't sell your WINNERS early. . LIKE, COMMENT & SHARE 😄😄😄
NSE:IRCTCLong
by technofunda_trader
5
[POSITIONAL] IRCTC LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:IRCTCLong
by Palkesh_Agrawal
Simple Trade Setup | IRCTC | 20-01-2022 [INTRADAY]NSE:IRCTC Observations: 1) On 1 day time frame, we can see that it bounce from 50DMA. 50DMA is immediate support. Please refer below chart : 1day Time Frame. 2) On 15min time frame, we can see that if had came out from the channel resistance and today it tested this channel and bounce from it. Now this channel will work as support. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 20-01-2022 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. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:IRCTC
by Trading_hawk
[ Positional ] IRCTC Long Betr : R ratio is 1 : 2 Rest as per Charts Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:IRCTCLong
by Prem_Agrawal