Pen-ant Triangle or Flag&Pole formation. Looking for a breakout in coming sessions.
If wrong, do let me know so that I can learn. Thanks.
Risk to reward should be 1:2 easy.
IRCTC trade ideas
Educational Price Action AnalysisOne should wait for the right level to entry and not jump on every price point.. price action works and respect levels..
IRCTCIRCTC
IRCTC at strong support showing and showing buying pressure. Can go long if it closes higher on a daily chart.
IRCTC Buy opportunityGo long in IRCTC it looks good to buy from here also hold for long-term for a multi-bagger return
IRCTC is at buying zone looking at 80% returnsI will buy IRCTC because :
The price is at demand zone
So will be looking at buying opportunities.
Entry : 718/880
Target : 1290
Stop loss : 600
Professional Out Look I already informed in Tweeter that this will Go , Few did buy at 775 , Now this one will go to 1950 to 2215
it can terminate any of the said range
The range is calculated based on Volatility measurement , Most self claimed Elliott wavers don't know what it is but for sure you will enjoy this ride
stay with this stock its Going up
Good luck
The IRCTC Incident - Who would pay for the MTM Shortfall?The IRCTC Incident - Who would pay for the MTM Shortfall?
Yesterday I was one of those who could use the 30% free fall in the share prices of IRCTC and added a few shares that are now available at an affordable price per share thanks to the share split done by the company. The split was done with the good intention of enabling more participation from the retail traders/investors and that is what happened as I could buy those shares at 700. The media is now full of articles trying to explain why was there a fall and why the convenience fee is important, etc.
However, no one is asking the question - who would fund the intraday Marked To Market losses that SEBI now mandates FNO traders to top up?
A few months ago it was Tata Motors whose share prices tanked big time when they announced semi-conductor shortage-related constraints, and then recently it was the turn of TCS, whose share prices were hammered post results and now IRCTC just because of a circular!!
I am wondering if the watchdog of the capital markets is indeed watching this? And if so, what it proposes to do to protect the interests of the genuine #traders and #Investors?
Consider this --
The IRCTC Nov 21 Future contract close price on 28-10 was 911
Lot size = 1625
IRCTC Futures low for 29-10 = 651
Difference = 260
Max MTM Loss = 422,500 per lot
EOD price = 846
Difference = 65
Max MTM Loss = 105,625 per lot
Who is going to fund this shortfall? Should the traders/investors be penalized for such unexpected shortfalls?
Who will answer these questions is my question to SEBI? I hope industry leaders like Nithin Kamath, Motilal Oswal, and the like would help retail traders/investors get some answers.
I was lucky not have been a part of FNO trade in the scrip as so far I am not familiar with its intraday price action. However, I am keen to know if any of the readers of this post were caught on the wrong foot or on the right foot?
Your views/experiences would help spread awareness and awaken the regulators to work for the benefit of the retail traders/investors.
Thank you!
Umesh
30-10-21
IRCTCNobody believed me when I said to book profits at ATH & that it will fall, now look! ACCUMULATE ONLY when price touches 505. CHECK RELATED IF YOU DONT BELIEVE ME :)
IRCTCNews panic about IRCTC about stocksplit.... Nhdymetkwtjetkwtksfksgksgkfsfc. Dndjdjdjdhdbsb. Rbrheu3ueueu. Rjrusykstk35istkwtkwtjwt
Flag and pole pattern in irctc Buy when trend line brakes stop loss below trend line
Target 1:2 risk reward.
Irctc what happens in stock splitIrctc what happens in stock split
analysed on 28 oct 2021
just to observe
irctc bullish ab=cdafter split we have this harmonic possibility left only so, long only when atleast weekly candle closes above yellow line of 1136 for target of 7047
IRCTC can have 3600 levelThe pattern now forming is almost identical to the pattern 3 days back. If this continues then we might be able to see the history repeating itself and can see the next support level of 3600 in IRCTC. So, If someone wants to buy, can wait for it.
#IRCTC Cash : Looks good above 4300.10#IRCTC CASH - Positional call
26.10.2021
Looks good above 4300 sl 4050
Target 4800/6000 in 6 months
Cmp 4189
IRCTC near support zoneThe best support zone is always the previous Accumulation zone, and IRCTC is near to this level.
Only for study
IRCTC resistance at 4400. support at 3970IRCTC hourly chart. Support and resistance level marked. I don't see any significant strength at the moment.
IRCTC Buy a near Support for Long Term and SplitBuy IRTC at CMP of 4300 (we bought on 2 Oct 2021 at 4100)
SL 3700
Target 5100+
Note: Share split is on 28 Oct in 5:1 ratio
IRCTCirctc support and resistance in 1-hour time frame if the market correct more it may break the support and if not it will reach its resistance at some point
irctc bullish ab=cdlong now for target of 6691 and be advised candle must never close below orange trendline or 3950 . maintain this as strict stop loss
good luck
IRCTC Have to wait for Support IRCTC stock has been overvalued . FII and DII have reduced their stake and booked profit due to over valuation. They are waiting for correction thats happening now.The company is a monopoly stock and fundamentally strong. We can accumulate in every dips and we can wait till the support level of 3550 and we can accumulate for short term trading
Next journey of IRCTCNext correction is showing , price Action is making bearish continuation pattern, if price close lower level of price 4505, expected price will go down,
This is for education purpose.Expert can correct me, if I am wrong,as Market is unpredictable.
IRCTC, shortAfter giving bullish run, irctc is showing bearish sign, my first target is 4000, then 3625. Adx is also showing down trend. Let’s wait and see!!
I am not a sebi advisor, this is only for a educational purposes.
