IRCTC - Dont miss the TrainIRCTC - after 2 years of going South direction now Looks like moving towards the North.
Overall stock is trading above all moving averages on D/W/M time frames.
Every indicator is on Green.
But wait for 920-925 level to take out before taking the next entry.
Missed 775 to 917 drives within two trading sessions ... but this is clearly indicated before.
Look at these :
1st Indication
2nd Indication
Consolidated NET Volumes have been on the BUY side for the past 9 weeks.
The trend is also on the positive side.
Study further before making a decision.
IRCTC trade ideas
IRCTC | Swing Trade📊 Details
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
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Possible Reversal in IRCTCYesterday, IRCTC entered in supply zone. Today it has made long legged Doji candle. Following factors may cause a reversal:
(i) Supply Zone (869-929)
(ii) oversold daily RSI (84)
(iii) too much distance between candle and 20 EMA
Disclaimer: This is not a buy / sell recommendation. I am just observing technical indicators.
IRCTC - Ready to breakout again!IRCTC has given multiple small breakouts recently. Now it is on for a major one!
IRCTC made double bottom pattern after a long consolidation of multiple quarters.
It has now shown good volumes interest in past a few weeks and is ready to give the breakout from its previous high of 758. Once that is done it will be out of lower highs trends and get into higher highs - higher lows pattern.
CMP: 740
Breakout level: 760 (751 will give the breakout but it will have another resistance at 760. So its better to take 760 as the breakout level.
target: 870
SL: 738
Hope you make a lot of wealth. Remember: Skilled knowledge is the most precious wealth!
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
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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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**
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 - 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
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