IRCTC trade ideas
AVWAP Study of IRCTC (Breakout)Self Explanatory & Annotated chart.
VWAP works really well in this stock.
We also got a VCP pattern breakout, today was a retest day, so one can go LONG now!
No Targets in mind but good chance of reclaiming prior Swing High and even exceeding it.
IRCTC - Symmetrical TriangleIRCTC is on the verge of breaking above from the symmetrical triangle.
Initiate long.
Target : 1550-1560
Stop Los : 1400
IRCTC, BUY AT 1300 FOR 2000IRCTC, BUY NEAR 1300 FOR 2000. Clear lower highs and higher lows and is at the last phase too. One of the easy one to buy...
IRCTC , looks good !!!A simple pattern breakout , must buy for 1600_1700 range. For more updates can follow on twitter.
do check previous 15% in a single day advice . !!!
IRCTC Long at 1528Ascending triangle is a bullish pattern.When the upside breakout occurs, there should be an expansion of volume to confirm the breakout. While volume confirmation is preferred, it is not always necessary.
Target - 1925
IRCTC seems like good bet for profitIt is consolidating for a long time and today it tried to break the resistance line. Hope if not done today ..maybe tomorrow. What do you guys think?
Disclaimer: Educational purpose only.
IRCTC Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
what do u say?? big upside or downside?? i am betting upside!Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
IRCTC - Trains are starting againA darling before Covid - 19. Unseen growth triggers which analysts used to share.
The trains stopped and people lost complete faith in the stock.
Above marked price around 1500 it could start its next journey upwards.
Positive trigger is trains have started moving again and people are booking tickets again.
If it doesn't break out then we look at it again around 1100/1150 levels where the short term support trendline is. Either OR for buy points but not in between those trendlines.
Trade Setup On ( 21 MAY ) T1 is the target to be achieved on 22nd may and these are based on my observations . Trade at your own risk
IRCTC- FORMATION OF HEAD AND SHOULDER AT 4 HOURS CHART(SHORTING)Formation of head and shoulder has taken place on the IRCTC now you can short it . target should be around 1000 levels. Stop-loss should be at 1260.
IRCTC forming Lower HighsIRCTC is forming Lower High, it may retest previous lows 774-887. which can be acted as potential buy zone. it may take more time to revive. now second wave rally is also over.
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.
