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Indian Railway Catering & Tourism Corp. Ltd.Indian Railway Catering & Tourism Corp. Ltd.Indian Railway Catering & Tourism Corp. Ltd.

Indian Railway Catering & Tourism Corp. Ltd.

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IRCTC trade ideas

INVERTED HEAD & SHOULDER PATTERN in IRCTCThis chart indicates a possible *Inverse Head and Shoulders* (H&S) pattern forming in IRCTC on the daily timeframe. Here's the analysis and trade advice based on this setup: ### **Pattern Identification** 1. **Left Shoulder**: The first dip followed by a recovery. 2. **Head**: A deeper dip forming the lowest point in the pattern. 3. **Right Shoulder**: A higher low similar in depth to the left shoulder. 4. **Neckline**: The sloping black dashed line acting as the resistance level connecting the peaks of the left shoulder and right shoulder. ### **Key Levels** - **Neckline Breakout**: A breakout above the neckline (around ₹801-₹805) would confirm the pattern. - **Support Zone**: ₹753 (pink zone below the shoulders). - **Resistance Zone**: ₹860 (orange box above the neckline). - **Target**: Upon breakout, the measured move (distance from head to neckline added to breakout) projects a target near ₹860-₹880. ### **Trade Setup** #### **Long Position** 1. **Entry**: - On a confirmed breakout above ₹805 (neckline), with strong volume. 2. **Stop Loss**: - Below ₹753 (below the head's low) to minimize risk. 3. **Target**: - First target: ₹860 (upper orange resistance box). - Extended target: ₹880 (based on measured move). 4. **Risk-to-Reward**: - This trade offers a favorable risk-to-reward ratio if the breakout is valid. #### **Invalidation** - If the price closes below ₹753, the bullish inverse head and shoulders pattern becomes invalid. ### **Additional Notes** - The purple downward trendline and channel are key—if the price stays within the channel and fails to break out, the bearish trend could continue. - Look for increasing volume during the breakout attempt as confirmation. Would you like me to analyze other details, like potential downside risks or alternative scenarios?
NSE:IRCTCLong
by shailesh_desai_5050
2
IRCTC Long Idea......IRCTC looks good for reversal. It is forming cup and handle pattern. Currently in Handle structure. 2-3 Quaters down the line it may touch ATH. Targets are given in chart. SL for safe traders is trendline it was taking support on. Risk management is Priority. Need to consider broader market conditions before taking position as swing. I am personally going to average at horizontal support if at all it comes. NOTE : Fundamentals are good. Top line 3Y sales growth CAGR = 77% , Bottom line 3Y Profit growth CAGR = 90%. Good ROE. No peer to compare P/E as Monopoly & P/E,P/B < median I'm personally buying it whenerver falls 5-10%.
NSE:IRCTCLong
by sfk1229
IRCTC - Breakout OpportunityDate : 16-Dec-2024 LTP : Rs. 842.50 Targets: (T1) Rs. 983 --> (T2) Rs. 1,049 --> (T3) Rs. 1138 --> (T4) Rs. 1,279 SL : Rs. 783 Technical View: • NSE:IRCTC is in primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching a high of 1,138.90 on 23-May-2024, it has retraced 31% to 783 level. • NSE:IRCTC has recently breakout from it's secondary downtrend with high volume. • NSE:IRCTC is trading above 20 DEMA since last few sessions. • RSI is in buy zone and trading at 54.65. MACD has given bullish crossover and trading at 2.12. • Both RSI and MACD are showing positive divergence, indicating trend reversal. • Looking good to start a new swing from here. Liked the analysis? Boost/Like this idea and follow my ID for more ideas. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:IRCTCLong
by vikrant_252
weekly time frame on IRCTCTrendline Support: The stock has touched a key trendline, indicating potential support. Green Candle Formation: A bullish green candle has formed, signaling buyer interest. RSI Oversold Zone: RSI is below 40, suggesting the stock is in an oversold territory. Buying Opportunity: This combination indicates a potential reversal to the upside. Volume Confirmation: Look for increased volume to strengthen the bullish signal. Risk Management: Place a stop-loss just below the trendline to manage risk. Entry Point: Enter the trade near the trendline once conditions are confirmed. Target Profit: Set a realistic target based on previous resistance levels. Monitor RSI: Watch for RSI to rise above 50 to confirm momentum. Stay Alert: Always review market conditions before making a decision
NSE:IRCTCLong
by RRvsJC
IRCTC-A monopoly stock available at discount!Technically, IRCTC has been in an uptrend since its listing in 2019. Stock has taken support multiple times at trendline visible on chart. If stock breaks this trendline due to bearish broader market, we can see a swift move towards 660 levels which is yet another demand zone. Levels given on chart. As most of us know, it is a monopoly PSU stock and has big potential in long term given the expansion of rail networks in India. It is not a recommendation but my personal opinion. I am a NISM Certified research analyst and not SEBI registered.
NSE:IRCTCLong
by chartistamey
4
IRCTC by KRS Charts11 Nov 2024 / 11:11 AM Why IRCTC ❓❓ 1. Fundamentally Good Company. 💪 2. Technically, it was already Entered in Golden Reversal Zone. 🔅 3. Along With that inside that zone now Bulls Counter- Attack is visible ✅ which is formed at the bottom of the Trend for Reversal. 4. At recent Bottom Positive Order Block has formed and showing Bullish Traits from that level. 5. With Bull C. A. green candle RSI is showing Bullish Reversal Divergence. Targets & SL is in Chart
NSE:IRCTCLong
by KRSCharts
IRCTC Stock Analysis: Key InsightsDowntrend : IRCTC is following a descending trendline, indicating a bearish phase. A breakout above this trendline could signal a bullish reversal. Support Levels : Immediate: ₹805-810 Stronger: ₹760, followed by ₹690 and ₹637 Resistance Levels : Key: ₹858 Higher: ₹902 and ₹935 Trend Outlook : The stock is consolidating near its lower range, suggesting either an accumulation phase or further downside if ₹760 breaks. Budget Expectations : The government may announce favorable policies or benefits for IRCTC in the upcoming budget, potentially boosting the stock. Stop-Loss Strategy : Traders can use the ₹790-800 level as a stop-loss for long positions to manage risks effectively. Actionable Points: Traders: Watch for a breakout above the trendline for long positions, with ₹790-800 as a stop-loss, or consider shorts below ₹760. Investors: The ₹690-760 zone may be an accumulation area for long-term prospects, especially with possible budgetary support.
NSE:IRCTCLong
by ayusharya_001
IRCTC - Will the History repeat again? Big moves after 15th Dec?CMP: 835.45 TF: Daily Price has been consolidating at/around 780-820 levels. On 18-Dec-2023, the script formed a big wide range bullish bar and picked up the momentum thereafter. I have just tried to depict/compare/corelate the moves happened around Nov-Dec 2023 vs Nov-Dec 2024 and presented the chart here. This doesn't mean or validate that same kind of structure will playout.. But There is always something about history repeating in Financial markets. As far as general technical analysis is concerned, price has halted and reversing from the previous demand zone of 780-800 I have posted a detailed view on IRCTC with wave counts at I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
NSE:IRCTC
by Murthy_Santhosh
IRCTC - Can the upward momentum begin now?IRCTC - Can the upward momentum begin now? CMP: 835.45 TF: Daily The count marked in BLUE is the primary one. I have also tried my best to mark all the internal subwaves too. Observations: Primary 1-2-3 are done and the 4th wave almost reached the 0.618% retracement level. (Although 0.38-0.5% is the preferred limit for wave 4) However, the invalidation point is TOP of WAVE 1, which is, 774.90. Price reversed from 783 and inching higher. From positional investment perspective, the risk vs reward ration is very good/attractive at this level (SL at 770) Price brokeout from the falling trendline as well. I have an interesting observation on this counter, which, I will share in a different post shortly. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
NSE:IRCTCLong
by Murthy_Santhosh
IRCTC This chart appears to be a candlestick chart for IRCTC (Indian Railway Catering and Tourism Corporation) stock prices over a period from June to December 2024, with a descending trendline indicating a bearish trend overall. Here are some observations: Bearish Trend: The descending trendline suggests that the stock has been in a general decline since June 2024. This indicates that the price of IRCTC shares has been decreasing over this period. Support and Resistance: The trendline might act as a resistance level where the price struggles to break above. The price has touched this trendline multiple times, indicating it's a significant level for traders to watch. Recent Bounce: Towards the end of the chart, there's a noticeable bounce in the stock price, suggesting some buying interest or a potential reversal. This could be due to various factors like positive news, earnings reports, or market sentiment. Volume: If volume data were available, it would provide more context. Typically, a bounce with high volume could indicate stronger buying support. Time Frame: The chart shows daily candlesticks, which means each candlestick represents one day of trading. Current Price: The last price shown is 843.05 INR, with a slight upward movement at the end of December, indicating some recovery from the previous lows. Future Outlook: If the price breaks above the descending trendline with significant volume, it could signal a potential trend reversal. Conversely, if it fails to break this resistance, the bearish trend might continue. For a more detailed analysis or if you're looking for trading advice, consider: Technical Indicators: Adding indicators like RSI, MACD, or moving averages could provide more insights into momentum and potential reversal points. Fundamental Analysis: Looking at IRCTC's earnings, news, and market conditions could offer a broader perspective. Market Sentiment: General market trends and sector performance could also influence IRCTC's stock movement. If you're considering trading based on this chart, remember to set stop-loss orders and have a clear strategy for both entry and exit points.
NSE:IRCTCLong
by thejatin
IRCTC Descending Channel breakout to watch.Descending Channel: The price is trending downwards within a well-defined descending channel (yellow lines), with lower high and lower lows indicating a bearish trend. Key Support and Resistance Levels: Support: 788.50 appears to be a strong support level, as shown by the blue horizontal line, below that it can move towards 725 represents a more significant lower support level. Resistance: 850 being the previous high and immediate resistance. 914.75 is resistance levels within the current channel. A breakout above the 993.65 resistance could indicate further bullish momentum which till for new all time high. RSI (Relative Strength Index): The RSI is hovering near 53.64, It indicates a neutral to slightly bullish sentiment. Recent Price Action: The price has bounced off the 788.50 support and is attempting to move upward, nearing the channel's upper boundary. A breakout from the channel could signal a trend reversal. Volume: Volume appears moderate, which might suggest the need for stronger buying interest to sustain an upward breakout. Potential Strategies: Bullish Scenario: If the price breaks above the descending channel and closing above 850 resistance with strong volume, it could indicate a bullish trend reversal till 914.75 Bearish Scenario: A rejection at the channel's upper boundary or resistance levels of 850 may lead to further downside toward 725 or even 670. Disclaimer - The information provided herein is for educational purposes only. It does not constitute financial, investment, or trading advice. Consult a qualified financial advisor before making any financial decisions. We are not liable for any monetary loss, that may arise directly or indirectly from the use of information provided
NSE:IRCTC
by Darshilp7
IRCTC Testing Downtrend Resistance :- Keep In Watchlist ✅ The stock is currently trading at 848, testing the downtrend resistance line. A breakout above this level could mark the beginning of a bullish reversal with potential upside targets of 900-950. ✅ The RSI is at 52, suggesting moderate momentum with room for further upside. The stock has been consolidating near its key support zone around 800, providing a strong base for the next move. ✅ Volume has started picking up, indicating rising buying interest. Watch for a breakout above 850, supported by volume, for confirmation of a trend reversal and bullish continuation.
NSE:IRCTCLong
by Marketik