IRCTC long train is onnow good buying is seen on daliy charts trend is very bulish on monthly long term buy
IRCTC trade ideas
IRCTC Daily chart if it will break its resistance zone and sustain it then maybe it will reach our targets.
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Note- Do your analysis before taking any action and take responsibility for your action.
IRCTC :: Ascending triangle breakout in daily chart!In the daily chart, we can clearly see that IRCTC has given ascending triangle breakout. Take long positions for the target of 1600.
IRCTC - RectangleRectangle forming on Hourly Chart of IRCTC. BUY above 1525 -> 1540, 1550, 1565. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
IRCTCIRCTC forming an Ascending triangle pattern. Strong resistance at 1498-1500. Waiting for a breakout!
BUY ON DIPS.. Buy at CMP and on dips till 1400 for TGTS of 1460-1500 SL 1378.. JUST a view better seek professional advice..
IRCTC - Trendline ObservationsTrendline Observation(s). A simple trendline breakdown on 3H Chart of IRCTC. SELL strictly below 1417 -> 1408, 1400. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Breakout for IRCTC possible - hold for 100% gains in 2021IRCTC is a fundamentally very strong stock with a monopoly in the world's biggest railways!
The stock has been consolidating in the range since a VERY long time!
The stock has rallied before the global lockdown - true price discovery still not achieved!
IRCTC - Trendline ObservationsTrendline Observation(s). A simple trendline breakout on Hourly Chart of IRCTC. BUY 1470.1 -> 1497, 1520, Above 1525 -> 1590-1600, SL 1429.90. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
CHANNEL BREAKOUT,SWING TRADE, IRCTCStock has been consolidating for long time since there was very less train services. Yesterday there was a news that almost all trains are going to start and 90% occupancy on currently running ones. So i am expecting a good breakout and if today the candle closes above the resistance in a proper bullish candle, expecting a good movement above that.
SL can be placed according to personal risk management
NB: This is not a stock recommendation, just sharing my view only.
IRCTC Short Side Movement ExpectedSHORT @1457-1465
STOP lOSS: 1470
TARGET 1: 1395
TARGET 2: 1350
Reasons:
1. RISING WEDGE
2. RSI DIVERGENCE
3. DECREASE IN VOLUME
Note: post only for education purposes.
