IRCTC trade ideas
IRCTC TRADE SETUP 30-07-2021 || looks bullish nowNSE:IRCTC
Today it break the trendline, also gave breakout of short term rounding bottom pattern and also tested the long time support zone and closed above it.
This rounding bottom was also made at bottom level of Fibonacci. And that level also gave good support.
Once can enter at CMP for positional trade.
For intraday it better to go long above 2325. My personal view is very bullish on IRCTC now.
Hope my ideas are helping you to understand levels, price action and taking the trade from the right level.
Do comment if you have any suggestion or doubts, I will try to response as soon as possible.
IRCTC Trade setup for upcoming days NSE:IRCTC
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1st Scenario:
After going up it will face resistance in 2350 range and come back to test support on the trendline. And if it gets support from trendline then this will be a buy trade. And if it fails to get support then our sell trade will be only initiated below 2300 level.
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2nd Scenario:
After going up it will break the level 2350 and trade in 2350 range and maintain that level.
Consecutive, 2 (15min) or at least 4 (5min) green candles should be formed above 2350 range. then there will be easy trade on buy side.
All red marked lines will be the target.
India ki Sawari - IRCTCThe trend of travelling is picking up in India...this is also the sign or major consumption trend.....
The recent move-in IRCTC is not over.....today's closing is almost near to the 1.6 Fibbo level, the move may extend further till 2600.
Positional targets are around 3000...
Positional Buy (Aug Exp target 2800-3000)
IRCTC Rocked - More Juice To ComeIRCTC Buy Call was shared on 12 May 2021 . Our Buying price was 1820 , today kissed 2400++ . Almost 34% return on investment.
Can book partial profit. Bye the way the stock is heading to 2800++. The red trendline is the major support for IRCTC. Short term swing traders can TSL @ today's candle low.
Below is the Buy Call shared earlier.