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 trade ideas
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.
[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 (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.
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.
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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 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.
Crossover - IRCTC📊 Script: IRCTC
📊 Sector: Railways
📊 Industry: Travel Agencies
Key highlights: 💡⚡
📈 Script is trading near at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages is giving Crossover.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 968
🟢 Target 🎯🏆 - 1049
⚠️ Stoploss ☠️🚫 - 933
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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