One more possibility in the making, with a probability of previous high (blue line) as a potential.
Always remember, even the best of the best traders apply Stop Loss. In this case SL will be low of the pattern.
--- --- ---
If you are feeling uneasy about a trade, ask yourself the question: How would I place, manage, or exit that trade if it were to be the last I...
NSE:IRCTC
🟢 BOUNCED BACK FROM STRONG DEMAND ZONE
🟢 SUPPORT RETEST ALSO DONE
🟢 SELLING VOLUME DRIED UP SO WILL NOT BOUNCE BUT BLAST
🔥 PLUS, IT'S A PSU AND GOVT RECENTLY ANNOUNCED EXPANSION OF RAILWAY SECTOR SO EVEN IF I SAY IT MAY BOUNCE 7%-10% IN NEXT FEW DAYS OR EVEN IN A SINGLE DAY, WON'T BE A SURPRISE
📚🟢 RESULTS WERE ALSO GOOD THIS QUARTER 🟢👇🏻
📌...
📊 Script: IRCTC
📊 Sector: Railways
📊 Industry: Travel Agencies
Key highlights: 💡⚡
📈 Script is trading near at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages is giving Crossover.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 968
🟢 Target 🎯🏆 - 1049
⚠️ Stoploss ☠️🚫 - 933
⚠️ Important: Always maintain your Risk &...
Growth Factor:
a) Investment in railways is increased
by 27.5 % in the Union Budget of 22-23
b) 400 plus Vande Bharat trains to be introduced in coming years
c) Growth prospects in tourism and travel sector including religious and pilgrimage tourism
d) Digitalization of payment system
Important Developments
a) Company is planning to build a chain of hotels. 3...
🟢#IRCTC is ready for a trend reversal near the LTP = 642.75 .
🟢Gave buy signal @642.7 on VSA Momentum indicator. SL 604
🟢Will buy on dips or add more around 620 with 1% loss/trade
Weekly breakout on closing basis seen in the stock in the last month, so one can look for fresh leg of move upto 1200 level and 1500. All technical parameter like MACD, RSI and moving averages in the stock are positive.
IRCTC revenue also surged 21.8% on a YoY basis to ₹1,118.3 crore in the quarter, compared to ₹918.1 crore it had posted in Q3FY23.
Price showed retracement in past 2 days and now we can take swing position for potential upside to 1100+
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Hello Everyone,
Another Bullish pick...
Previous trend: Cup and Handle.
I think you guys might have missed the previous trend.
But no issue, pick the next trend, understand the levels, and then grab 10-15%.
CMP: 1000
Target: 1150-70
Duration: 2-3 Months
Add till: 800
Thanks
Naveen
IRCTC has given a breakout at the 840 level. Closing above 840 (W) might open gates for 911, 1020, 1129, and 1284 levels.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
