IRCTC trade ideas
IRCTC: Cup & Handle patternIRCTC
In to the unknown....
To start with, we are looking at the weekly chart for IRCTC.
Above 2184, the stock would be trading in the uncharted territory
The time frame we are looking at is for investment decisions/ holding period of 1-2 years.
We rely on Cup and handle pattern that we observe here. The orange line is the breakout mark and this is week three of trading above the orange line. Sustaining above the orange line for this weekly close might indicate a potential breakout.
The target for the current set up 2600 / 2800 / 3230 odd levels
Look to plan your buy in 2 tranches according to your risk management profile.
One at current levels or close to as close to orange line as possible and 2nd on dips towards the blue line as and when it happens.
Pattern gets invalided if we see 3 weekly candle close below the blue line.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Price within a triangleShort term is bullish, and the price is within a triangle. Wait for the breakout.
15min. Swing Trade Analysis on IRCTCSwing Trade
IRCTC
Buy: 2080;
SL: 2040;
T: 2125++2175++
-Mohit Rajani
Watch IRCTCIRCTC gave today breakout with 9% move in single day.
Good volume on daily chart. Not generated here as the week have 4 more days to go.
It is today at ALL TIME HIGH.
There is risk when trading in stock which is trading at all time high.
So if I enter I will keep STRICT STOPLOSS.
Stay cautious as the money flow index have turned downwards, that's not a good indication, so if it continued to do down this may be false breakout or this is because the new SEBI margin rules. Volatility and liquidity is decreasing.
This is a little bit confusing scenario.
This is my own analysis. Hope you like it.
This post is for information purpose only.
IRCTC a monopoly stock best to hold for long term..looking good if breaks trend line and best for positional also..
Intraday IRCTC shorting opportunities for tomorrowTime to short IRCTC as it has breakdown the resistance. You can expect a target of 2061 at least in the intraday.
IRCTC getting ready for a ballistic move upsideNSE:IRCTC
Irctc is getting ready for a ballistic move upside.
flag and pole breakout in 1 hr chart and again forming flag and pole in smaller time frame.
stock currently at a good value area. if it moves above 2115 after a gap up open I will add for positional trade with SL at 2071
Stock has the potential to go till 2300 in the short term.
2182 will be the target 1
observe HH HL formation in 5min chart after the gap up open.
If it does not open gap up the plan will be updated as per price action
IRCTCAbv 1730 on closing basis can see 1990 / 2200 +++
Pattern occurred is Cup & Handle..
Abv Chart is for Study Purpose only.
IRCTC triangle break outIRCTC GIVING A LONG TERM TRIANGLE BREAK OUT.
MY ANALYSIS , THIS IS NOT A BUY SELL CALL, PLEASE DO YOUR OWN ANALYSIS BEFORE INVESTING.
IRCTC ( 400 point Movement expected) buy level- 2051 to 2100
target- 2300-2400.2500
time one month
22% return expected
KAUTILYA can recover Your losses with Quantitative analysis and grow the CAPITAL
NOTE – EDUCATIONAL PURPOSE
(Consult your financial advisor before any decision)
