IRCTC trade ideas
IRCTC Price Action 1. IRCTC Increase in Volume in By side and price rising with Rise in RSI , Moving Up
2. Stagnated for Quite a while , Supply is squeezing and , At the Base of the Volumetric Profile avg
3. 1 Month: Delivery volume fell by -62.31%
Delivery volume increased by 160.24% over 5 day average
4. Volatility around 52% , Lower TF RSI increasing
5. Mutual FUnds Shed around 7% Share in from March to septemer , Now near sept 2020 % Levels of , Retail is buying with FII and DII selling
6.F&O data suggests Long Buildup today
7. 32.7% away from 52 week high
TARGET 1 ,2,3,4,5, as shown in the Chart
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Its ready for a bull run , Voume is increasing ...
Go long for first target Invest 20%
LIKE IF YOU AGREE
IRCTC should invest? now?IRCTC> needs no introduction ,came under the eye of many investors after there stock splitting news.Well let see what charts says now!!
1.following a trend line(pink support area) if comes back at that again then can consider to but
2. When come at support RSI >50 at least and increase in volumes as well.
3. target could but t1 levels but if you want to ride then don' forget to put SL below the T1 levels and your T2 become 1000rs.
Happy trading!!
Simple Trade Setup | IRCTC | 04-01-2022[INTRADAY]NSE:IRCTC
Observations:
1) On 1 day time frame, we can see that is trading between 21DMA and 50DMA.
50DMA is immediate resistance and 21DMA is immediate Support.
50DMA is placed at 847.04 level and 21DMA is placed at 839.50 level.
We can also see that it is still trading below resistance channel.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 04-01-2022
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.