IRCTC trade ideas
IRCTC INTRADAY SETUP 1 HOUR CHART NEXT hello traders
pls contact me in comments section for any help
pls watch the video carefully _/\_
Simple Trade Setup | IRCTC | 27-08-2021NSE:IRCTC
It has been trading in parallel channel for long time.
Today it took resistance from middle trendline of parallel channel.
Good positional buy trade will be only on breakout of middle trendline of parallel channel. Target will be 2750 or the upper trendline.
On breakout of upper trendline it will have good up movement.
Trade Setup for Date 27-08-2021:
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 tommorrow.
Please refer below chart for levels for intraday trading.
Hope I made it easy to understand it.
Do comment your doubt or suggestion
IRCTC INTRADAY SETUP 1 HOUR CHART Hello traders
we'll discuss about IRCTC hourly chart, the price is in supply zone which is fresh so i think it will be respected
the volume will play a big part in achieving the targets
thank you
feel free to ask any doubts
this might also fail if u look according to market structure
IRCTC reversal patternIRCTC seesms reversal candle
And touced the support channel line
We can cover some gain
Channel breakout ... can go long
R 4 Breakout already happened
IRCTC FUNDAMENTAL BETGoI recently announced monetization of 400 railways stations or nearly 152,000 crore of assets. considering this is positive for the stock we can go long in this. immediate support lies on the horizontal support drawn below which is for short term traders. long termers can hold the stock according to their risks. targets are marked on the charts which are for both short term and medium-long term.
IRCTC SHORTIRCTC Likely to go down upto 2532.
Entry shown above.
Time frame 10 days.
This is for learning purpoe only.
Simple Trade Setup | IRCTC | Last Week August 2021 (2)NSE:IRCTC
Observations:
1) On daily time frame still it has been trading in the parallel channel .
2) Today it broke the middle trendline support and closed just above the bottom trendline of parallel channel.
Please refer Chart below: daily time frame.
Trade Setup for Last Week August -2021
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) Please refer below levels for intraday trade for 24-08-2021.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | IRCTC | Last week August-2021NSE:IRCTC
Observations:
1) On daily time frame it has been trading in the parallel channel.
2) If you see earlier bottom trendline of channel was working as a resistance.
3) Then middle trendline of the channel was working as resistance.
4) Then bottom trendline of channel was working as support and then it gave good breakout of the middle trendline and now middle trendline is working as support and upper trendline is working as resistance.
Please refer Chart below: daily time frame.
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Trade Setup for Last Week August -2021
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.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
IRCTC wedge pattern formationIRCTC has formed a rising wedge pattern.
Also showing RSI divergences.
Looking at the broader market sentiments, the stock can give breakdown if nifty starts to crack.
Otherwise good stock to accumulate in your portfolio. Wait for some correction to buy it.
How to buy dips?In this video I talk about how we can find good buying opportunities when the markets are witnessing correction. I'm using 10,20,44 Exponential Moving Averages on my chart along with RSI(14) indicator. On the screener we are looking at stocks which have Market cap greater than 50 Billion & sorting the 3 month performance from high to low. The rationale behind this is identifying stocks with good momentum.
P.S. Please pardon me for my voice, I'm down with fever and tried my best to not cought & record this video.
Irctc breakoutPerfect breakout
Above Camarila R4 up
Triangle 📐 pattern breakout
Seems upmove of market supports
Buy IRCTCThis is one of my favorites and I have been recommending to our members since 1800. I recommended this stock as my chart of the week on 11 June 21 when it was trading around 2100. This is my fourth buy recommendation for this stock. Good Techno-Funda Stock everyone should have in their portfolio.
IRCTC Triangle patternIRCTC Bullish above 2750 on clb. Positional traders can watch this. with 4 - 5% SL. Plan your risk before reward.
Ascending Triangle pattern || IRCTCSelf-explanatory chart and title. Can be bought for a target of 2770. CMP-2667. SL will be 2620 on a closing basis. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading and fundamental ideas.
irctc ascending triangle on 2hirctc ascending triangle pattern on 2 hrs watch for the bounce of below trendline and 2700 range.
Simple Trade Setup | IRCTC | 13-08-2021NSE:IRCTC
Since this stock's movement from last one week has been driven by one news about stock split so it is a bit tough now as it is already on the higher levels.
Today's move came after the confirm news about 1:5 split. And then sudden selling/profit booking was seen.
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Anyway, here I tried my best to provide trade setup based on technical analysis.
It has made rounding bottom breakout and breakout level was at 2660-2661.
Tomorrow if it opens flat or minor gap down and comes till 2660-2661 and gets support from it then it will be perfect entry for buy trade and easy quick target will be 2700-2710. But if it fails and breakdown then it will be short trade entry till that critical zone.
And if it opens above 2700 level and keep on trading above it then it will be entry for buy trade. Highet open interest in call option is at 2700 level. And then on 2800 level call option. So breakout or support of 2700 will give easy 40 points upmove in IRCTC.
Further if it breaks down below the critical level the we can see panic profit booking in it.
But if you are a positional trader for long term then you no need to worry. As a fundamental this company is good to hold till you die.
Hope I made it simple to explain.
Do let me know your doubt or suggestion.
All the best.
IRCTC LTD.NSE:IRCTC Indian Railway Catering And Tourism Corporation Ltd.
DATE - AUG 10, 2021.
TECHNICAL ANALYSIS
1. Stock is continuosly in uptrend.
2. Stock is making new HIGHER HIGH, HIGHER LOW.
3. SUPERTREND is continuosly positive.
4. ALLIGATOR is positive.
5. Stock close crossing 52 WEEK HIGH.
6. High increase in FUTURES OPEN INTEREST.
FUNDAMENTAL ANALYSIS.
IRCTC has a total MONOPOLY all over india & it is a ZERO DEBT comapany.
1. MARKET CAP - ₹ 42,233.60 Cr.
2. P/E - 222.4
3. P/B - 28.79
4. ROE - 44.07 %
5. ROCE -62.75 %
6. EPS - 11.87
DISCLAIMER - All analysis are for educational purpose. it is not a trading or investment advise.
#education #irctc #stockmarket #technicalanalysis #fundamentalanalysis #nse #bse #supertrend #alligator #education
IRCTC Long above 2100 for a target of 2650NSE:IRCTC
Stock is bullish
IRCTC Long above 2100+ for a target of 2650 SL at 2000
Bullish Pennant Pattern | IRCTC | Simple Trade Setup | NEXT WEEKNSE:IRCTC
After big gap-up in this week, it has been trading and making higher lows and lower highs. And it is forming a Bullish Pennant Pattern.
Fundamental
That Bullish move (big gap up )is mainly by the news of Stock Splits. On 12th Aug, board meeting is there in consideration for Stock Split.
Simple Trade Setup
Trade levels and Targets are mentioned on the chart. Hope it is easy to understand.
Do comment your doubt or suggestion.
Simple Trade Setup | IRCTC | 05-08-2021NSE:IRCTC
Simple trade setup mentioned with levels on chart. Hope it is easy to understand.
Do comment your doubt or suggestion.
