IRCTC READY FOR BULL RUNIRCTC looks really good, it's trend is reversed, and after pull back, it's again starting to boom
IRCTC trade ideas
IRCTC InvestmentLooking good for investment. 18months triangle breakout . Retesting 72EMA wacth-out for Entry point.
Make your own decision.
IRCTC LONG IDEA ON WEEKLY TFIRCTC may enter HH HL structure after its breakout, it may consolidate a bit but considering upcoming festival season we can see a rally in IRCTC.
Enter at current price range 680-700
SL at 645
Target 850, 900.
TRAIL USING 20/50 SMA.
IRCTC long, In wave 3rd of 3rd IRCTC long with stop loss given in chart as red line. One immediate stop loss and lower one is long term SL for long term targets
Green lines are T1, T2 and T3 targets with obviously increasing timelines to achieve.
For educational purposes. Elliot wave numbering shown, let me know if incorrect numbering done.
IRCTCIRCTC looks good to move further
If it breaks the black line.
Buy above 685 | Tgt 713 , 740 | sl 665
Keep on the radar to catch the momentum.
Education price action analysis - IRCTCStock is trying to BO from a long weekly range... generally this gives a spurt in volume and price...
if this hypothesis is correct than
T 770
SL 640
Let's see how this hypothesis unwind..
IRCTC#IRCTC - Is close to breaking out from the long base. RS has entered the positive zone after a long time. Hope the stock manages to close above the zone and enter stage 2.
IRCTC - 82% RETURNS!!!BUY - IRCTC
CMP - Rs. 610
Target - 1: Rs. 720
Target - 2: Rs. 910
Target - 3: Rs. 1120
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Technicals -
1) Bullish Flag Breakout
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Fundamentals -
1) IRCTC operates through five segments: Catering, Railneer, Tourism & Train Operation, State Teertha, and Internet Ticketing. It offers mobile catering services and other catering services, tourism products and services, and packaged drinking water under the Rail Neer name. Additionally, it offers train ticket booking and travel insurance services, as well as operates irctctourism.com, a tourism portal.
2) IRCTC's financial track record, the company is of good quality with a fair valuation.
3) The company's current market capitalization is ₹48,288 Cr., with a 52-week high of ₹777.7 and a 52-week low of ₹557.
4) The latest PE ratio of IRCTC is 51.32 and the latest PB ratio is 19.37. The company's TTM revenue/sales are ₹3,267 cr.
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This is just a view, please trade at your own risk.
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Irctc BreakoutIrctc is Moving upward direction it is Breaking the resistance 660 with Great Volume Shows Buying interest, Long Above 665 & Sustained With Stop loss of 610 For Target 760..
Is IRCTC ready to burst ?Hello, guys. I hope you are doing well. Today, we will take a deep dive into IRCTC. Please read until the end to gain a complete understanding of this stock and its potentiality.
The chart is self-explanatory, so we will keep the technical analysis brief. The stock had been consolidating in a descending triangle pattern for the past two years. After a really big move It has corrected by 50%. Recently, it broke out of this pattern and has started forming a new ascending triangle pattern, indicating a potential upcoming breakout.
Fundamental:-
In terms of fundamentals, it's needless to say that it is a government owned company, authorized exclusively by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and on trains in India.
Revenue Breakout As per 2022 data:-
Internet Ticketing: Approximately 54%
Catering: Approximately 27%
Railneer (Packaged Drinking Water): Approximately 9%
Tourism: Approximately 8%
State Teerth: Approximately 2%
Future Planes:-
>>Company plans to enter the budget hotel service industry.
>>Company intends to establish an e-marketplace offering services such as bill payment, recharges, and other third-party services, including online insurance purchases.
>>The company has plans to explore segments such as Helicopter Travel and medical tourism.
>>The company also plans to expand its non-rail based tourism offerings, including corporate travel business, cruise packages, river packages, and air ticket services.
Financials:-
>>The company is almost debt-free.
>>It's anticipated that the company will perform well in the upcoming quarter.
>>Over the last 5 years, the company has consistently achieved a strong profit growth of 34.9% annually.
>>The company has a solid track record of return on equity (ROE) with a 3-year ROE of 34.6%.
>>The company has consistently maintained a healthy dividend payout of 43.0%.
>>FII, DII holdings are still increasing.
Key Risks:-
I have mentioned all the positive aspects of the company, but there are some key risks associated with the company that you should be aware of:
1.The company is government-owned, which means it can be highly sensitive to both positive and negative news. Any adverse news can lead to a significant decline in its stock price.
2.This stock also experienced price manipulation in 2021.
3. If any pandemic situation comes it can experience a substantial correction.
My commentary:-
We have recently observed that railway-based companies have started to gain momentum. Now, the question is, will IRCTC follow the same? My answer would be that it's possible because if the price breaks the recent pattern with strong volume, then it can potentially make a significant move.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Note: This is for informational purposes only. Do your own research before investing.
IRCTC looking for a new High too?At this point keep an eye on IRCTC.
Already the long held trend-line is broken with a clear 5 waves, completing its 1.
If we count this single leg, it might just be completing its 2nd soon.
Lets see how it trades near 50-61.8% zone marked on chart.
If we get a green candle at the zone 600-610 that shuld be the best place to initiate long positionally for target of at least last ATH in this stock.
IRCTC Analysis (Head and Shoulders)! NSE:IRCTC ANALYSIS!
IRCTC Analysis on a daily Timeframe!
Descending Triangle Pattern Formation, Breakout and Retesting on a Weekly Timeframe!
Inverted Head and Shoulder Pattern Formation, Breakout and Retesting on a Daily Timeframe!
Bullish RSI Divergence in IRCTC!
Trend Reversal in IRCTC!
IRCTC has made Descending Triangle Pattern on weekly Timeframe , and it has given a breakout to its resistance trendline and retested its support level. If we reduce timeframe to Daily timeframe, then we can see the clear INVERTED HEAD AND SHOULDERS PATTERN at the bottom. We can see previous trend is Downtrend. If we combine RSI analysis with it, then we can see a Bullish RSI Divergence. After the bullish divergence the trend has been changed from Downtrend to an Uptrend. After that RSI and Price both are trending Upwards. This is a clear indication of the bullishness. I have extended neckline and support trendline both may act as a Support Trendlines.
Rest of all Analysis is on the chart itself and I have marked all the important levels with price do study thoroughly.
Thank You!
Important Note= Please have a look on my previous IRCTC Analysis which is based on Weekly Analysis.
Entry = Current levels are considered to be a good buy.
Stop Loss = Below 615.50
Targets = 1) 661.50 2) 66490 3) 711.55
Disclaimer = All my analysis is for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
IRCTC HANGING IN THE BALANCE...WILL IT BE BULLS OR BEARS ?ALL ANALYSIS , LEVELS , DEEP INSIGHTS AND TARGETS ARE MARKED ON THE CHARTS
THERE IS A TUG OF WAR BETWEEN BULLS AND BEARS AND NONE HAS BEEN ABLE TO COME OUT A WINNER FOR ALMOST 100 DAYS
INVERTED Head and Shoulders , Head and Shoulder , Range bound...Its all to be witnessed in this single stock
IRCTC is hanging in the balance in this tug of war and only time will tell who will come out victorious...
I AM favoring the BULL !!!
comments welcome.... Happy Trading :-)
IRCTC buying irctc consolidation period is over now its breakout has been done
after retest as support you will see confirmation
target 1 749
target 2 900
665 entry
IRCTC breakout?The breakout observed in the IRCTC stock chart suggests several potential implications for traders and investors:
Bullish Sentiment: The breakout indicates a prevailing bullish sentiment surrounding IRCTC. Traders who have taken long positions may expect further price appreciation.
Short-Term Opportunities: Short-term traders might look for pullbacks or consolidation patterns to enter positions, aiming for quick profits as the stock continues its upward trajectory.
Long-Term Prospects: Investors with a longer-term perspective may view this breakout as a sign of IRCTC's growth potential. They might consider holding their positions to capitalize on potential future gains.
Risk Management: While breakouts can present lucrative opportunities, risk management is crucial. Traders and investors should set stop-loss orders and diversify their portfolios to mitigate potential losses.
In conclusion, the breakout pattern observed in the IRCTC stock chart represents a significant development in the company's price action. It suggests a shift in market dynamics, with potential opportunities for traders and investors. However, it's essential to conduct thorough research, consider risk factors, and employ sound trading strategies when participating in such breakouts to make informed decisions.
IRCTC - Ichimoku BreakoutStock Name - Indian Railway Catering & Tourism Corporation Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 708
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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IRCTCKeep this is your watch list
Gap up today with descent volumes
Above key moving averages
weak below 670
stoploss 685
entry current levels +-5%
Irctc looking goodirctc seems inverted head and shoulders breakout in weekly
concentrate if price sustain above 680
IRCTC looks good above 680IRCTC looks good to buy above 680 in Weekly time frame. Targets will be 712 and 738. Should consolidate near 650 to 680 range and then give breakout then good move will come. RSI too looks good.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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Double Bottom and INH&S Pattern📌Chart Explained ⚠️
✅Add for next week
IRCTC
+ Double Bottom and INH&S Pattern
+ Above Key EMAs
✅Complete explanation on the Chart
