IRCTC-Inverted Head and Shoulder BreakoutIRCTC has formed IHS Pattern in daily chart.Increase in volume suggests a likely IHS Pattern break out.
Sustaining above its neckline levels of 760 likely to test 800 followed by 850-positional target.
IRCTC trade ideas
Education Price action analysis - IRCTCHypthesis
Stock is making a rounding bottom pattern
Stock is trying the break the multiple resistance
Entry >770
Target Next resistance
SLT 733
INDIAN RAIL TOUR CORP LTD. LONG-TERM INVESTMENT OPPORTUNITYINDIAN RAIL TOUR CORP LTD. LONG-TERM INVESTMENT OPPORTUNITY
Hello traders!
key points:
🎯It appears that a Double Bottom has formed, the stock has made a lower low, and now the price is ready to move higher.
🎯The price crossed its weekly resistance level.
🎯A bullish crossover has formed on the MACD oscillator, and the Rsi indicator is above 60.
🎯Volume is also increasing, there is a strong possibility of price increase.
Major Level:
Support Price Level - 758
Resistance Price Level n/a
Entrance Area:
The optimal entry offers the greatest reward-to-risk ratio while the optimal entry is an area for reversal signals.
Optimum Entry Nearby – 850
Stop loss - weekly candle close below 758
Target Price 1st - 1279
Target Price 2nd - n/a
risk:
As traders, it is your job to minimize risk and only choose trade structures that offer high probability and a great reward-to-risk ratio.
If uncomfortable with defined exit levels, experiment with support levels to help set solid exit rules to protect your capital.
If the weekly candle closes below the price level of 758 – This suggests that the structure is not in our favor and it would be wise to reduce risk or close the trade until a solid signal gives us reason to re-enter.
Triangle Pattern Breakout Seen in IRCTC | It's Ready to take offHello Traders & Investor,
Guy's We have seen neat and clean Triangle Pattern breakout on Daily Chart, earlier Price was consolidating inside the Triangle Pattern since last 2 months and forming a perfect Triangle Pattern. Finally in yesterday session it have given breakout, now this is Ready to fly in blue sky.
Technically and Fundamentally this is Strong Company with Mini Ratna Tag (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water
at railway stations and trains in India. So this is monopoly business which runs by one of the best management owned by Govt of INDIA.
MACD has already given bullish crossover, 21-EMA already crossed above 50-EMA on chart, Price is above 200-EMA from last 9 trading session, So all these parameters showing bullishness in this catering stock. We have captured on very right time when it has given a breakout. Now if this goes for retest the levels, try to accumulate with given levels. And again this is again a portfolio stock, so think for long term. For trading perspective i have already written the levels.
About Company:-
Incorporated in 1999, IRCTC is a Mini Ratna (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water
at railway stations and trains in India.
Business Divisions:-
a) Catering and hospitality
b) Internet ticketing
c) Packaged drinking water
d) State teertha
e) Tourism
Company manages catering and hospitality services at railway stations, on trains, and
other important locations and promotes
domestic travel and international tourism
through the development of budget hotels,
special tour packages, and e-ticketing services.
Rail Neer plants:-
With 8.03 crore+ users, IRCTC offers a one-stop solution for a comprehensive range of products and services related to travel and tourism. Company has 15 Rail Neer plants and 11 base kitchens. The company operates through 5 zonal offices, 10 regional offices, 1 corporate office, 1 internal ticketing office, and 1 tourism office. Company is setting up 5 more Rail Neer plants in Vijayawada, Vishakhapatnam, Bhusawal, Bhubaneswar, Kota, etc.
[b
Market Cap
₹ 56,588 Cr.
Current Price
₹ 707
High / Low
₹ 758 / 557
Stock P/E
52.4
Book Value
₹ 35.6
Dividend Yield
0.78 %
ROCE
59.2 %
ROE
45.4 %
Face Value
₹ 2.00
Debt
₹ 66.8 Cr.
EPS
₹ 13.3
PEG Ratio
1.50
Promoter holding
62.4 %
Intrinsic Value
₹ 337
Pledged percentage
0.00 %
EVEBITDA
36.0
Change in Prom Hold
0.00 %
Profit Var 5Yrs
34.9 %
Sales growth 5Years
19.3 %
Return over 5years
%
PROS:-
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 34.9% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 34.6%
Company has been maintaining a healthy dividend payout of 43.0%
Debtor days have improved from 158 to 118 days.
CONS:-
Stock is trading at 19.9 times its book value
Promoter holding has decreased over last 3 years: -25.0%
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou.
Irctc weekly resistance break Irctc trying to break it's weekly resistance ,according to theory when a stock break it's strong resistance after consolidation, a move possible till next swing high.also changing it's trend from LOWER HIGH LOWER LOW TO HIGHER HIGH HIGHER LOW.
**For education purpose only**
IRCTCIRCTC formed a cup with a handle pattern,
and on a 1week time frame , it showed a BOS (Breakout Structure).
thus aiming for the target of -
1) 850,
2) 900,
3) 930,
NOTE - 930 is an important point. soon it will be a multi-beggar.
IRCTC analysisFOR EDUCATIONAL PURPOSE
IRCTC- I am going to buy this stock on Monday as this stock is looking good to me
This stock is trying to come out from consolidation and it can do good from here
I am looking for 35% from here with SL of 12%
Narrow range breakout on Monthly chart - IRCTCIRCTC trading from the last 13 months in a narrow range, Current month if closes above 780 can be considered as breakout.
BUY - 775, SL - 660
NOTE:- Please maintain the good Risk to Reward, as per your risk appetite.
consolidation mode key points :
* I have drawn the traingle but it doesn't look like a ascending or symmetrical one. but fibonnaci retracment shows that it will break the green line but after some ups and down moves.
*MACD is not currently showing any sign of breakout.
*RSI also shows it is overbought.
*wait and watch scenario so far until some positive news comes up.
IRCTC | Time to ride in Indian RailwaysStock has been consolidating since very long and its on the verge of breakout from triangle pattern. Since volume has been try since very long hence confirm the volume at the time of breakout to identify if it is a false breakout or not.
Entry -: 675 on closing daily closing basis
Target -: 990
SL -: on closing daily closing basis
RRR -: 1:4
Use trailing SL after 1:2 RRR
IRCTCIRCTC - Looking good for swing trade
Buy above 715 | Tgt 750, 775 | Sl 690
It is my view, to trade on your own analysis
IRCTC- DOUBLE BOTTOMOn the verge of Double bottom breakout for the target of 918, 970.
Weekly candle close above 770 is needed before entrying.
Note: This is for educational purpose only.
IRCTC - can it double from hereNSE:IRCTC
cmp is 749
study this setup
this should give 2X gains from here
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
BREKOUT IN IRCTC📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF IRCTC :-
•Breakout of Darvas Box pattern on DTF with strong candle
•Break Major Resistance
•Volume increases last few day's high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 Add on your watchlist....
📌 If you have any questions about any stock you can DM me Or comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
Watch out for IRCTCDarvas box setup.
Breakout from this can trigger upmove towards ATH
Keep it on the radar
IRCTC : FAILED BREAKDOWN BUY NSE:IRCTC
On the Daily chart it is forming a bear flag and a new upleg has been started after failing the breakdown from the support trendline.
- The blue line shows the major downtrend line and now after its breakout, the price again came to test the breakout zone And reversing from there.
-Closed with good volume around highs
-Trading above 200 EMA
- The swing low formed at the blue line is a 0.618 retracement zone on Fibonacci.
Kindly study the chart and make an informed decision, always trade with stop loss to avoid unnecessary drawdowns.
Trading is a game of probability and you have to treat it like a business and all things apart money management is supreme.
Keep learning,
happy trading
IRCTC: DOUBLE BOTTOM CANDIDATEFrom Nov'22 high stock was under pressure and tested the Jul'22 on 27-Mar'23. From there prices are bouncing back forming higher high and higher low on the lower degree time frame. There is also a formation of INVERSE HEAD & SHOULDER PATTERN which is a bottom reversal pattern whose neckline is 655 and currently prices are trading above this level on weekly chart which should be considered as the breakout of this bottom reversal pattern. The measured target for this pattern is coming about to be in the region of 775-780 zone which is also the neckline of Double bottom pattern on larger degree front.
TRADING STRATEGY:
Buy 662, SL: 616 TGT: 775-780
IRCTC - Stock to Buy
Has a support between two parallel lines drawn in white. It is the monopoly stock to buy for an immediate target of 723.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Warning- This train is headed south!!Elliott- This is a double zig zag pattern. In my view the second one has started.
Fib Analysis- On the upside break of 730 will be when we know we are on the wrong side. Hence for investors that is when u can buy.
For traders this stock will give a wonderful opportunity to short.
IRCTC - Weekly AnalysisIn the Weekly Chart of IRCTC ,
we can see that; it has multiple rejections to trendline.
Take a Simple trade, Enter at 720 with SL as 690 and make it an invest for 3 years.
IRCTC Nov-Feb 2024IRCTC is a positive buy.
Entry: 670 Long Term Target 1100
Support Buy @ 558
Targets : 760 / 840 / 960 / 1100
Levels for enter and exit are marked on charts
Stay safe.. Trade according to your risk profile.
Let me know if you agree or disagree in comments... Looking forward
Best Regards
