IRCTC is showing 3 patters - 1) Flag pattern breakout 2) Cup & Handle and 3) falling wedge breakout. We can expect a target of 914. The beauty is the flag pattern and cup and handle are showing same target. The falling trendline has been broken and we can expect the price to move up. Other parameters:
1. MACD positive
2. RSI positive
"Clean Charts, Easy...
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...
The stock is trading in uptrend, good volumes seen in the past months, MACD positive divergence and RSI bullish, like moving averages are in favour of stock, so this stock can touch all times high and go beyound that, so buy and sit tight.
IRCTC after initial rally has been trading in a very congested channel from last 2 years.
The support has been maintained at 547 and trading in a channel making higher lows.
Once the breakout happens from consolidation then in 1-2 years you can see a target of 1900+
Stop Loss on monthly closing basis can be maintained at 545
All intermediate target are...
Railway stocks can breakout again if price closes and sustains above 7115
1) IRCTC
2) CONCOR
3) IRFC
4) RVNL
5) RITES
6) BEML
7) TITAGARH
8) RAILTEL
9) IRCON
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments...
IRCTC clear decending triangle in big timeframe
breakout of longtime supplyzone
it will be a good buy at cmp 662 to 660
with sl mark on chart
TARGET area defined on chart
very good risk reward
disclaimer:
i am not a sebi registered.
trade on your analysis
i shared for my learning perpose
comments and like welcome
if you have any doupt or i may be wrong...
IRCTC, the Indian Railway Catering and Tourism Corporation, is emerging as a potential investment opportunity with promising growth prospects. A thorough analysis of the stock's performance reveals a clear uptrend in the charts, suggesting a positive trajectory for the company.
Investors eyeing IRCTC may find it to be a great pick, given its current upward...
Important Levels in IRCTC Weekly Timeframe
Keep an eye on IRCTC
IRCTC has made Descending Triangle Pattern. Waiting for Breakout / Breakdown. After clear Breakout / Breakdown will do further plan. I have marked some important levels on chart.
IRCTC is breaked major trend line and small retracement happened. it is good time to short entry in this stock and strictly maintain sl@ 673 with daily candle bases . my view is small correction happen in this stock for short term so we have wait for target@615,580
IRCTC - after 2 years of going South direction now Looks like moving towards the North.
Overall stock is trading above all moving averages on D/W/M time frames.
Every indicator is on Green.
But wait for 920-925 level to take out before taking the next entry.
Missed 775 to 917 drives within two trading sessions ... but this is clearly indicated before.
Look...
