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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

IRCTC - BULLISH & BEARISH BIASSymbol - IRCTC CMP - 900 IRCTC is currently trading at an interesting zone. After a good rally in the last year, This stock is following a trendline resistance making lower - lows price action & showing no strength of price growth. I am tracking this stock from quite some time. I will be interested in long positions on breakout of 940-950 resistance zone. I will be even more interested in shorting this stock if this stock breaks 850 on downside & sustain below it as it stock is making a Head & shoulders pattern in larger time frame. Such patterns tends be more accurate on larger time frame & don't fail if gets activated. This pattern will get activated if price break neckline on the downside then I will be shorting futures for more downside targets. What will happen? Only the time will tell. My job is to keep it on radar & enter in longs above 950 & enter in short below 850.
NSE:IRCTC
by akshit_official
4
IRCTC Long Term AnalysisIRCTC stock has shown resilience at key support levels. With the recent market correction, it may present a potential entry point for long-term investors. Some analysts project the stock could reach ₹1430 in the coming year, representing a significant potential upside. Fundamental factors to consider for IRCTC stock: Business model: IRCTC has a monopoly on online railway ticketing in India and also operates in catering, tourism, and packaged drinking water segments.
NSE:IRCTCLong
by DragonFly-Trading
8
IRCTC: Ready for a Breakout with Strong Support from 200 EMA The stock is currently trading near a strong horizontal support zone at 880-900 levels, supported by the 200 EMA, which indicates strength in this area. A descending trendline resistance is observed at approximately 950 levels. A breakout above this trendline with increased volume could trigger a bullish move. The RSI is also showing a positive divergence, hinting at a potential reversal. Traders should keep an eye on the breakout from the trendline, which could take the stock towards higher levels, making it an attractive buy for swing traders.
NSE:IRCTCLong
by Marketik
RCTC Technical Analysis: A Bullish Outlook?IRCTC Stock: A Technical Overview with RSI Insights 📉 Disclaimer: This is a technical analysis of the IRCTC stock and does not constitute financial advice. Always consult a financial advisor before making any investment decisions. 🔍 Chart Overview The chart under discussion represents IRCTC (Indian Railway Catering and Tourism Corporation) on the NSE, set on a daily timeframe. Key indicators like Moving Averages (MA), Relative Strength Index (RSI), and Volume are plotted, giving a comprehensive view of the stock's performance. Key Observations: 📈 Price Trend: The stock has shown consistent upward momentum over the past year, although certain consolidation phases and minor pullbacks are evident. 📊 Support and Resistance: Horizontal lines drawn on the chart highlight critical support and resistance levels. These levels can indicate where the stock may reverse or break out, providing potential entry/exit points. Moving Averages (MAs): The 50-day and 200-day MAs offer insights into longer-term trends. A bullish crossover occurs when the price moves above the 50-day MA, while a bearish move below this line could signal a reversal. 📈 RSI (Relative Strength Index): RSI > 70: Indicates overbought conditions, often suggesting a potential pullback. RSI < 30: Signals oversold conditions, where a price rebound could be imminent. Volume: Volume bars reveal the strength behind price movements. Notable increases in volume often accompany significant price actions, confirming trends or reversals. RSI-Based Trading Strategies 🔄 Oversold Buy: When RSI drops below 30, it signals a potential buying opportunity as the stock is considered oversold. Investors could capitalize on a potential rebound in price action. 📉 Overbought Sell: If RSI crosses above 70, it may signal that the stock is overbought, suggesting a potential pullback. Traders may consider selling or placing stop-loss orders to protect profits. ⚠️ Divergence Alert: Bearish Divergence: When the price forms higher highs, but RSI creates lower highs, it hints at a possible trend reversal. Additional Insights 💡 Fundamentals: While technical analysis offers valuable trading signals, it's crucial to factor in IRCTC's business fundamentals, including its financial performance, market outlook, and government policies in the railway sector. Risk Management: Use tools like stop-loss orders to manage risk and protect capital against market volatility. 📅 Stay Informed: The chart captures historical price action, but it’s vital to track ongoing market trends. As always, past performance doesn't guarantee future results.
NSE:IRCTCLong
by NitkarshChourasia
2
Indian Railway Catering and Tourism CorporationDate 15.09.2024 IRCTC Timeframe : Day chart Current Moving Average Spread As On 13/09/2024 20 Ema = 935 = Immediate trend 60 Ema = 958 = Short term trend 200 Ema = 926 = long term trend Price action on 13/09/2024 (Friday) Open = 936 = 20 Ema High = 957 = 60 Ema = Resistance Low = 935 = 20 Ema = Support Close = 936 = Near 200 ema / Support & Breakdown area Candlestick = Formed Gravestone Doji Trade Set-up : 1 Short , Once goes below 200 ema & second level of breakdown when goes below support zone of 915 which also means its breakdown of consolidation 2 Keep 20 ema as stoploss & trail, target one is previous days high or 60 Ema. More bullish when crosses Gravestone Doji's high. Regards, Ankur
NSE:IRCTC
by AnkurSingh
2
IRCTC : Time to travel.NSE:IRCTC Good buying opportunity in IRCTC . BUYING RANGE: 650-660 ( After breakout) Case1- Good to buy after breakout of the Trend line ie. @650-660. Put Stop loss of 610. Case2- Second opportunity : if found around the Previous Demand Zone of 560-580. Put Stop Loss of 545-50 TARGETS : T1- 710 T2- 765 T3- 840 T4- 920 WHY IRCTC: 1- Breakout of long term Trendline. 2- Taking good support from the Demand zone of 560-600 3- Good Risk to Reward Ratio. Thanks for your Support. Disclaimer: This idea is only for the Educational purpose only, Kindly trade at your own Risk.
NSE:IRCTCLong
by S_Rawat
IRCTC NEW ALL TIME HIGH?NSE:IRCTC IRCTC (D) Analysis Date: 16/08/2024 Time Frame: 1D CMP: 909 Key Levels: Support: 760 Resistance: 954, 1015, 1138, 1286, 1373, 1538 Bullish Outlook: Buying Range: 900-910 Targets: 954, 1015, 1138, 1286, 1373, 1538 Stop Loss: 760 Conclusion: IRCTC is a strong buy on dips candidate, poised to potentially reach a new all-time high. Consider entering within the 900-910 range and watch for target levels as the price progresses. Disclaimer: This is not financial advice. Please do your own research.
NSE:IRCTCLong
by ThirstyBull
Weekly bullish flag BO in IRCTC with 20% upsideHi, NSE:IRCTC has given a Bullish Flag Breakout on weekly charts with very good volume. MACD is also on the bullish side on daily and monthly time frames and expecting to turn positive on weekly time frame. RSI is also on the bullish side on daily and weekly time frames. In the current market scenario I am expecting that the bullish momentum will continue. Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:IRCTCLong
by raigvivek
1