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INDIAN RAILWAY CATERING AND TOINDIAN RAILWAY CATERING AND TOINDIAN RAILWAY CATERING AND TO

INDIAN RAILWAY CATERING AND TO

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IRCTC trade ideas

Trains closed but shares going up!**Edit: 23–04–2020** As previously said by us, the stock was also in the upper circuit zone for more than 10 sessions and again trading started. If we analyse it **for shorter-term then Rs.1645 is a resistance zone, and support is at Rs.1210.30. If bulls carry on the momentum above 1650 then we can also expect 2310, but it seems a little difficult.** **On a broader basis for investment purpose, every new position above Rs.1550 will be in the danger zone** and whenever correction again comes or if the financials are checked that what amount of damage has happened due to corona the bears will attack. **We should not make the mistake of considering IRCTC as the whole Railway Network itself.** The whole of Railways has come up with many points in the discussion to cost-cutting after the lockdown opens up. **Edit: 27–03–2020** Seeing the current technical structure of the stock, IRCTC was in the **lower-circuit zone for more than 10 continuous sessions. **As now the circuit is opened and hit the buyer circuit today, some idiots may jump around and may jump in IRCTC to cry later. Because Markets are supreme commander, **2020 crash of the stock market** and still some idiots come in social media to prove their propaganda. I always believe respect the elders and seniors of the market and don’t try to share your little knowledge to them. **In such a scenario the stock can go around 870–915–1041 levels** and again correction may start. Only traders, if they can handle volatility, should enter or stay away from this. **Edit: 24–02–2020** Technically the stock is facing Lower-Circuits daily. As per our review, the stock was too much over-valued in the time of over-optimism. Now when the global markets have corrected and our own country facing a lock-down of 21 days and whole passenger transport is totally stopped. This stock technically has a downside from 767–492 levels. Once the situation around us normalises this stock will also recover and maybe it will be a good buying opportunity on the downside. **Technically once the stock moved above the price of Rs.1500 we were expecting a strong correction** but the stock was moving only upwards. Some people had started to believe that no correction will ever come in this stock and once the global markets were hit was Corona Virus the market started a correction and all the over-valued stocks have been hit very badly. **This stock will only be attractive around Rs.800 or even below.** As most states have told people to avoid travel Airlines Industry have been affected so do the Railways. And the trains managed by IRCTC are premium trains. In the near term, it will be affected with the revenue issues but once the situation in India and around the globe improves, this stock will again perform. But charts had way before signalled a correction. But everyone becomes an expert in Bull Market.
NSE:IRCTC
by Amit_Pandya_AKruti-FinTech
GOLDEN STOCK ( IRCTC AT IMP. JUNCTURE )IRCTC A GOLDEN STOCK HAD A DREAM RUN SINCE ITS LISTING IN NIFTY ( AGAIN AT IMP JUNCTURE CAN BE A MAKE OR BREAK LEG FOR THE STOCK) !) Stock Trading at a very imp support line which is at Rs 1250 from this move only stock had a dream run to 1950 level 2) Can be a make or break leg of the stock 3) Had a down side after strong buyer pack moves 4) Inverted Hammer which is a sign of bullish reversal shown in today close of IRCTC 5) 14 Day RSI at 50 which is also showing good strong strength 6) so Now Break or make level again ( Most Important Dates of Q4 Results, and from 3rd May how Lock down will be released will be an important factor for the Stock ) Finally if you liked the Idea pls provide likes and comments and pls provide suggestion if you something dont like about the idea
NSE:IRCTCEducation
by Ashhish-Chhabra
11
IRCTC - 1st Halt ( Amazing Journey 625 to 980) - What Next ?Trading Strategy Scenario 1- Holding above 920 Part A: Expect upside push to 980-1000 zone Part B: Selling if fails to cross 1000 or crosses 1000 falls immediately then expect 920 / 850 /700 Scenario 2 - Strictly Holding above 1000 for extreme bullish scenario- Expect 1500 -1600 Target zone. Failing to hold 1000 post crossing above becomes "Part B - Scenario 1" as mentioned above. Thanks for all support Wish All of You A Happy, Prosperous & Terrific 2020 !!!
NSE:IRCTCLong
by WaveTalks
13