Trend Reversal !!! Investment Pick.🟢#IRCTC is ready for a trend reversal near the LTP = 642.75 .
🟢Gave buy signal @642.7 on VSA Momentum indicator. SL 604
🟢Will buy on dips or add more around 620 with 1% loss/trade
IRCTC trade ideas
IRCTCWeekly breakout on closing basis seen in the stock in the last month, so one can look for fresh leg of move upto 1200 level and 1500. All technical parameter like MACD, RSI and moving averages in the stock are positive.
IRCTC trading opportunity coming up1. Good base buildup since Oct 2021
2. Market trend isbullish
3. Railway stocks are bullish
4. Breakout of Trend line
5. Risk to reward is lucrative.
IRCTC chart updatesIRCTC revenue also surged 21.8% on a YoY basis to ₹1,118.3 crore in the quarter, compared to ₹918.1 crore it had posted in Q3FY23.
Price showed retracement in past 2 days and now we can take swing position for potential upside to 1100+
IRCTC ready for profit booking, buy given at 670 Targt 1100 hitOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
IRCTC Bullish 10-15% still PendingHello Everyone,
Another Bullish pick...
Previous trend: Cup and Handle.
I think you guys might have missed the previous trend.
But no issue, pick the next trend, understand the levels, and then grab 10-15%.
CMP: 1000
Target: 1150-70
Duration: 2-3 Months
Add till: 800
Thanks
Naveen
IRCTC (Looks Good On Chart)IRCTC has given a breakout at the 840 level. Closing above 840 (W) might open gates for 911, 1020, 1129, and 1284 levels.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
IRCTC: 3 Patterns: Flag Breakout, Cup & handle and Falling trendIRCTC is showing 3 patters - 1) Flag pattern breakout 2) Cup & Handle and 3) falling wedge breakout. We can expect a target of 914. The beauty is the flag pattern and cup and handle are showing same target. The falling trendline has been broken and we can expect the price to move up. Other parameters:
1. MACD positive
2. RSI positive
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!
IRCTCBUY @ 1027 RS
TARGET @ 1250 RS
BUYING CONFIRMATION: Rounding bottom in a weekly timeframe
Expected returns are around 21.00 %
IRCTC 1050 near , buying recommended near 720-730 , almost 45%On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
IRCTC looking for all time high The stock is trading in uptrend, good volumes seen in the past months, MACD positive divergence and RSI bullish, like moving averages are in favour of stock, so this stock can touch all times high and go beyound that, so buy and sit tight.
Accumulate IRCTC target 1900+ Long termIRCTC after initial rally has been trading in a very congested channel from last 2 years.
The support has been maintained at 547 and trading in a channel making higher lows.
Once the breakout happens from consolidation then in 1-2 years you can see a target of 1900+
Stop Loss on monthly closing basis can be maintained at 545
All intermediate target are listed on the charts. for sure it will take out the lifetime high made previously.
Indian Railway Stocks Railway stocks can breakout again if price closes and sustains above 7115
1) IRCTC
2) CONCOR
3) IRFC
4) RVNL
5) RITES
6) BEML
7) TITAGARH
8) RAILTEL
9) IRCON
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
IRCTC Hourly Breakout suggest 5% upmove in 3-4 daysIRCTC Hourly Breakout suggest 5% upmove in 3-4Targets - 1040+
LTP - 969
Happy Investing.
IRCTC AFTER A LONGTIMEIRCTC clear decending triangle in big timeframe
breakout of longtime supplyzone
it will be a good buy at cmp 662 to 660
with sl mark on chart
TARGET area defined on chart
very good risk reward
disclaimer:
i am not a sebi registered.
trade on your analysis
i shared for my learning perpose
comments and like welcome
if you have any doupt or i may be wrong so plss guide me for better understanding and learning
Education purpose only - IRCTCAfter BO, it has tested resistance and retracing again...
Option 1 - Entry at 800/- Target 1 842, Target 2 914
Option 2 - Entry at 775/- Target 1 842, Target 2 914
Option 3 - Entry at > 842 - Target 1 914, afterwards trail SLT
ADX - Positive
RSI - Buying territory 71
IRCTC the Indian Railway Catering and Tourism CorporationIRCTC, the Indian Railway Catering and Tourism Corporation, is emerging as a potential investment opportunity with promising growth prospects. A thorough analysis of the stock's performance reveals a clear uptrend in the charts, suggesting a positive trajectory for the company.
Investors eyeing IRCTC may find it to be a great pick, given its current upward momentum. The charts indicate a favorable short-term outlook, with a potential target of 1000. This short-term target reflects the anticipated positive movement in the stock price over the near future.
Furthermore, for long-term investors, the prospects for IRCTC appear promising, with the potential to reach or surpass its all-time high. This suggests sustained growth over an extended period, making it an appealing choice for those seeking stability and potential capital appreciation in their investment portfolio.
As with any investment, it is crucial for investors to conduct thorough research, consider the company's fundamentals, and stay informed about market dynamics. Additionally, consulting with financial professionals or advisors can provide valuable insights tailored to individual financial goals and risk tolerance.
While the analysis points towards a positive outlook for IRCTC, it's important to remember that the stock market involves inherent risks, and past performance is not always indicative of future results. Investors should exercise caution and make well-informed decisions based on their own financial circumstances.
IRCTC Analysis!Important Levels in IRCTC Weekly Timeframe
Keep an eye on IRCTC
IRCTC has made Descending Triangle Pattern. Waiting for Breakout / Breakdown. After clear Breakout / Breakdown will do further plan. I have marked some important levels on chart.
Ascending triangle Ascending triangle breakout done. Good target can be achieved. Do yiur own analysis before investing
Bullish Flag Breakout1. Uptrend on 200 DMA
2. Bullish Flag pattern and breakout
3. Strong sales and earnings
Breaking the MomentumGood Volumes
Broken Recent Reistance
Inside the Cup
Uptrend
Booming Railway Stock
irctcirctc looking well-positioned for 5th wave as per Elliot wave its in 5th wave 3rd wave correction needs to watch
