IRCTC trade ideas
Indian Railway Catering & Tourism Corporation - IRCTC - BreakoutDate : 1-Apr-2024
Rating : Buy - Positional Trade
LTP : Rs. 970.15
Targets: (1) Rs. 1,049 --> (2) Rs. 1,118 --> (3) Rs. 1,279
SL : Rs. 930
Technical View:
• NSE:IRCTC is in its primary uptrend since Oct-2023 and was recently going through it's secondary downtrend.
• After touching the high of 1,049 on 20-Jan-2024, it has retraced 18% to 862.75 level.
• NSE:IRCTC has broke out from its secondary down trend on 1-Apr-2024 with higher than average volume.
• RSI has crossed over 50 on 21-Mar-2024. MACD has crossed over 0 on 1-Apr-2024.
• On 21-Mar-2024 it has closed above 20 DMA.
• Looking strong to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
IRCTC WEEKLY BREAKOUTIRCTC chart showing cup and handle pattern on weekly time frame
Target price based on the cup = 1540 (46.50 % gains from breakout level)
But I would like to wait till election results. Market should show some correction on charts.
Any price on the chart after the election will be considered as buying level.
IRCTC bullish; above 1070 ? - Thursday 2-May.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
IRCTC ANSLYSISI have updated my view on irctc wait for breakout and enter
Stop loss must and should add to your watchlist
[LONG TERM] IRCTC LONG TERM IRCTC this stock only for long .
This Long term Investment only base on Indicator which is 5 EMA On Montly.
If you afford the stoploss then only take this trade for Long Term.
I didnot read any fundamental for this stock. This is purly on Indicator.
This is only for education purpose.
IRCTC🚀 IRCTC (W) 🚀
🔍 Strong Breakout Stock
📈 Cup & Handle Pattern spotted
💼 Almost 2 Crore Volume Buildup in Previous Week
📈 Trading near All-Time High
📈 Buy: 1070
🎯 Target: 1230/1270/1500
🛑 SL: 1000 WCB
Disclaimer: Strictly for Educational Purpose
IRCTC (Breakout Soon)Activated above 1070
Positional Trade (Consider for Mid to long term)
Keep SL - 7%
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
Recent high breakoutGood volume build in daily time frame even though the whole index and sector was down.
Breakout of recent high with good volume, wait for retest conformation.
NOTE: i do my analysis, do your before trade.
IRCTC-FLAG PATTERN B/OUTIRCTC: Buy recommendation was given at 760 levels itself. now at 1065 has formed a bullish flag pattern. sustaining at 1065 levels expect a move towards 1100+(For educational purpose only)
IRCTC IRCTC IS LOOKING bullish it can give 1300 rs target in upcoming days , in this type of market where nifty is not supporting any stocks , irctc looks so strong , and also have done breakout on daily and weekly chart . target are based on fibonacci and wd theory , holding for 950 ,
IRCTC : BreakoutBuy IRCTC at 1055 sl 999 tgt 1225
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
IRCTC LTD Analyasis on 21 mar 24IRCTC LTD Analyasis on 21 mar 24
Positive supertred
Rounding Bottom formation
stoploss 750
target 950 - 1000 - 1050 - 1100- 1150
Rounding Bottom target 1250
Bullish flag in IRCTC shareGO long on IRCTC, also confirmed by increasing OBV. PRICE/OBV divergence.
IRCTC - Bullish Consoldation with VolumesNSE: IRCTC is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 10% to 15% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Another PossibilityOne more possibility in the making, with a probability of previous high (blue line) as a potential.
Always remember, even the best of the best traders apply Stop Loss. In this case SL will be low of the pattern.
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If you are feeling uneasy about a trade, ask yourself the question: How would I place, manage, or exit that trade if it were to be the last I ever placed ?
- Yvan Byeajee
#Irctc cash : Looks good above 908.10#Irctc cash -Positional call
14 March 2024
Looks good above 908.10
Stoploss 860
Tgt 942/968/995/1020
Cmp 899
#Irctc cash : Looks good sell below 944 levels#Irctc cash levels -Positional call
27.Feb 2024
Looks good sell only below 944
Stoploss 960
Tgt 918-924/902/885
Cmp 953
IRCTC READY TO COMMENCE NEXT RALLY 💪NSE:IRCTC
🟢 BOUNCED BACK FROM STRONG DEMAND ZONE
🟢 SUPPORT RETEST ALSO DONE
🟢 SELLING VOLUME DRIED UP SO WILL NOT BOUNCE BUT BLAST
🔥 PLUS, IT'S A PSU AND GOVT RECENTLY ANNOUNCED EXPANSION OF RAILWAY SECTOR SO EVEN IF I SAY IT MAY BOUNCE 7%-10% IN NEXT FEW DAYS OR EVEN IN A SINGLE DAY, WON'T BE A SURPRISE
📚🟢 RESULTS WERE ALSO GOOD THIS QUARTER 🟢👇🏻
📌 Revenue
21.81% increase to Rs 1,118.3 crore, compared to Rs 918.06 crore in the previous year
📌 EBITDA
20.92% increase to Rs 393.97 crore, compared to Rs 325.8 crore in the previous year
📌 EBITDA margin
25 bps decrease to 35.22%, compared to 35.48% in the previous year
📌 Net profit
22% increase to Rs 256 crore, compared to Rs 209 crore in the previous year
Earnings before interest, tax, depreciation and amortization (EBITDA)
21% increase to Rs 394 crore, compared to Rs 325.9 crore in the previous year
🟢 FIIs' FAVOURITE STOCK IN RAILWAY THEME
📈ENTER IN A SWING TRADE WITH THE BELOW LEVELS:
ENTRY: 938-940
TARGET 1: 959
TARGET 2: 987
TARGET 3: 1047
STOPLOSS: 900 DAILY CLOSING BASIS
ANYTHING ELSE I'M MISSING? LET ME KNOW.
