IRCTCPositioanl Trade
Good RR Ratio
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Regards,
Naresh G
Sebi Reg. RA
IRCTC trade ideas
IRCTC Long Term AnalysisIRCTC stock has shown resilience at key support levels. With the recent market correction, it may present a potential entry point for long-term investors. Some analysts project the stock could reach ₹1430 in the coming year, representing a significant potential upside.
Fundamental factors to consider for IRCTC stock:
Business model: IRCTC has a monopoly on online railway ticketing in India and also operates in catering, tourism, and packaged drinking water segments.
IRCTC Support & Resistance levelsIndian Railway Catering and Tourism Corporation
(IRCTC), here are the current support and
resistance levels:
Support Levels: ₹901.07, ₹906.1, and ₹937.3012
Resistance Levels: ₹915.6, ₹925.19, ₹1008.60, and ₹1044.25
IRCTC for 30% gainsDate: 30 Sept’24
Stock: IRCTC
Timeframe: Daily chart
IRCTC seems to have begun its up move in Wave V of 5 which is heading towards 1225-1275 (30%+ from the current price of 930) as seen in the chart. A more clear target will appear as it moves beyond 1000; in due course of time. Both volume and RSI are gaining momentum.
This is not a trade recommendation. Please do your own analysis. I am not a SEBI registered RA.
IRCTC: Ready for a Breakout with Strong Support from 200 EMA
The stock is currently trading near a strong horizontal support zone at 880-900 levels, supported by the 200 EMA, which indicates strength in this area. A descending trendline resistance is observed at approximately 950 levels. A breakout above this trendline with increased volume could trigger a bullish move. The RSI is also showing a positive divergence, hinting at a potential reversal. Traders should keep an eye on the breakout from the trendline, which could take the stock towards higher levels, making it an attractive buy for swing traders.
IRCTC ready for new high??IRCTC near election results day low and positive divergence in daily TF and given W BO in 75m TF risky can buy now for new high.
Target 1160From basic supply and demand zone it can reach 1160 soon and may give breakout in near future forming cup and handle.
RCTC Technical Analysis: A Bullish Outlook?IRCTC Stock: A Technical Overview with RSI Insights
📉 Disclaimer: This is a technical analysis of the IRCTC stock and does not constitute financial advice. Always consult a financial advisor before making any investment decisions.
🔍 Chart Overview
The chart under discussion represents IRCTC (Indian Railway Catering and Tourism Corporation) on the NSE, set on a daily timeframe. Key indicators like Moving Averages (MA), Relative Strength Index (RSI), and Volume are plotted, giving a comprehensive view of the stock's performance.
Key Observations:
📈 Price Trend: The stock has shown consistent upward momentum over the past year, although certain consolidation phases and minor pullbacks are evident.
📊 Support and Resistance: Horizontal lines drawn on the chart highlight critical support and resistance levels. These levels can indicate where the stock may reverse or break out, providing potential entry/exit points.
Moving Averages (MAs): The 50-day and 200-day MAs offer insights into longer-term trends. A bullish crossover occurs when the price moves above the 50-day MA, while a bearish move below this line could signal a reversal.
📈 RSI (Relative Strength Index):
RSI > 70: Indicates overbought conditions, often suggesting a potential pullback.
RSI < 30: Signals oversold conditions, where a price rebound could be imminent.
Volume: Volume bars reveal the strength behind price movements. Notable increases in volume often accompany significant price actions, confirming trends or reversals.
RSI-Based Trading Strategies
🔄 Oversold Buy:
When RSI drops below 30, it signals a potential buying opportunity as the stock is considered oversold.
Investors could capitalize on a potential rebound in price action.
📉 Overbought Sell:
If RSI crosses above 70, it may signal that the stock is overbought, suggesting a potential pullback.
Traders may consider selling or placing stop-loss orders to protect profits.
⚠️ Divergence Alert:
Bearish Divergence: When the price forms higher highs, but RSI creates lower highs, it hints at a possible trend reversal.
Additional Insights
💡 Fundamentals: While technical analysis offers valuable trading signals, it's crucial to factor in IRCTC's business fundamentals, including its financial performance, market outlook, and government policies in the railway sector.
Risk Management: Use tools like stop-loss orders to manage risk and protect capital against market volatility.
📅 Stay Informed: The chart captures historical price action, but it’s vital to track ongoing market trends. As always, past performance doesn't guarantee future results.
Indian Railway Catering and Tourism CorporationDate 15.09.2024
IRCTC
Timeframe : Day chart
Current Moving Average Spread As On 13/09/2024
20 Ema = 935 = Immediate trend
60 Ema = 958 = Short term trend
200 Ema = 926 = long term trend
Price action on 13/09/2024 (Friday)
Open = 936 = 20 Ema
High = 957 = 60 Ema = Resistance
Low = 935 = 20 Ema = Support
Close = 936 = Near 200 ema / Support & Breakdown area
Candlestick = Formed Gravestone Doji
Trade Set-up :
1 Short , Once goes below 200 ema & second level of breakdown when goes below support zone of 915 which also means its breakdown of consolidation
2 Keep 20 ema as stoploss & trail, target one is previous days high or 60 Ema. More bullish when crosses Gravestone Doji's high.
Regards,
Ankur
IRCTC INTRADAY TRADE LOOKS PROMISING ON CHARTSMethodology- Demand & supply
By using multiple time frame analysis we have our zone at the best location and to top it up, it coincides with the intermediate time frame which gives the lower time frame zone the strength to push stock price upward. This can act as a trap for convention technical analysis as they will be selling at the zone where the chart is telling the big bulls are interested to buy
IRCTC 1200 abv 960 IRCTC ABV 960 can test 1020/1080/1200++
Currently in consolidation zone and ready for triangle line breakout
IRCTC - Weekly AnalysisIn the Weekly Chart of IRCTC ,
we can see that; it is spending time on Support Trendline.
Also, it is same range since 4 weeks. Soon it will take a momentum in some direction.
Expected momentums are shown in chart.
IRCTC Stock Daily Time 200 EMA Support | Weekly Time 50 EMAConsolidation and take support.
Best financial performance.
IRCTC Stock Daily Time 200 EMA support
Weekly Time 50 EMA support
IRCTC : Time to travel.NSE:IRCTC Good buying opportunity in IRCTC .
BUYING RANGE: 650-660 ( After breakout)
Case1-
Good to buy after breakout of the Trend line ie. @650-660.
Put Stop loss of 610.
Case2-
Second opportunity : if found around the Previous Demand Zone of 560-580.
Put Stop Loss of 545-50
TARGETS :
T1- 710
T2- 765
T3- 840
T4- 920
WHY IRCTC:
1- Breakout of long term Trendline.
2- Taking good support from the Demand zone of 560-600
3- Good Risk to Reward Ratio.
Thanks for your Support.
Disclaimer:
This idea is only for the Educational purpose only, Kindly trade at your own Risk.
Vande Bharat may increase sales of Food salesIRCTC looks like after 3-4 years of sideways moves
It can rise above the other not so straight Railway stocks
This is like the software that is needed daily- those are the hardware that come and go
IRCTC model > RVNL, IRCON, IRFC
This stock will again create a BuzzIRCTC CMP 935 Investors
The stock has given a brief correction from its previous highs. This dip is an opportunity. That support at 910 is a very strong one and in my view the stock will take a U turn from here. Breakout will happen after 4 years and hence to me it will be pretty significant.
IRCTC NEW ALL TIME HIGH?NSE:IRCTC
IRCTC (D) Analysis
Date: 16/08/2024
Time Frame: 1D
CMP: 909
Key Levels:
Support: 760
Resistance: 954, 1015, 1138, 1286, 1373, 1538
Bullish Outlook:
Buying Range: 900-910
Targets: 954, 1015, 1138, 1286, 1373, 1538
Stop Loss: 760
Conclusion:
IRCTC is a strong buy on dips candidate, poised to potentially reach a new all-time high. Consider entering within the 900-910 range and watch for target levels as the price progresses.
Disclaimer:
This is not financial advice. Please do your own research.
IRCTC (Educational Idea)IRCTC broke all the main supports..
Another 30 to 40 pts fall in cards..
It may revisit 877 range before any bounce back
Irctc Swing Trade.. LOW RISK HIGH REWARDPrice at the Bottom of the channel. Potentially Can reach upto resistance..! Maintain risk reward..!!
Weekly bullish flag BO in IRCTC with 20% upsideHi,
NSE:IRCTC has given a Bullish Flag Breakout on weekly charts with very good volume.
MACD is also on the bullish side on daily and monthly time frames and expecting to turn positive on weekly time frame. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Indian Railway Catering & Tourism Corporation LtdIndian Railway Catering & Tourism Corporation Ltd
Daily Chart Break out Seen
Multiple Support Seen at 875 for Safe Sl
Luks Good
