IRCTCIRCTC forming an Ascending triangle pattern. Strong resistance at 1498-1500. Waiting for a breakout!
IRCTC trade ideas
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.
Resistance levelWe should wait for right time. Let me know if I'm wrong it is already at its resistance level
#IRCTC DAILY CHART VIEW!!#IRCTC DAILY CHART VIEW!!
Indian Railway Catering & Tourism Corpn. Ltd. is trading in a narrow range.
Technical indicators are bearish.
If price trades below narrow range 1336. Nearby support is 1230.
And if price trades above narrow range 1457, near by resistance is 1525 on daily chart.
SWING TRADING ANALYSIS : IRCTCSWING TRADING ANALYSIS : IRCTC
EXPECTING LONG FROM CMP
SL 1288 ON CLOSING BASIS
IRCTC analysis If it breaks the range then our target can achieve
targets are mentioned on the chart
IRCTC 1Hr. ChartBig Consolidation on Daily as well as Hourly Chart.
Buy @1380-1400
Target 1600
Time- 2-6 Months
Huge volume spike in IRCTCAfter trading in a narrow range for > 6 months with meagre volumes, IRCTC has finally created interest among the traders.
Huge volumes traded on the date of Q2 results.
If the price sustains above 1595 or opens gap up & doesn't break the low, one can go for BUY , both intraday as well as swing.
Target: 2000 (25%)
SL: 1595 (on closing basis)
