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.
IRCTC trade ideas
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 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
IRCTCWelcome to this analysis
Stock had a dream listing and a very strong 2 years bull trend. Post that it saw a sharp retracement.
Now, it appears to once again attempting another rally after making a double bottom in the weekly time frame.
Range for short term 725-690 for medium term 900-650
Happy Investing
IRCTC looks good for investingThe long-term prospects for IRCTC appear promising, supported by its historical bullish trajectory. Following a substantial correction, the stock has retraced to a key demand zone, signaling a potential trend reversal. The price action suggests that the corrective phase may be concluding, laying the groundwork for a renewed upward movement. Investors are keenly observing these developments, considering the favorable positioning within the demand zone as an opportune moment to capitalize on potential future gains.
A Strategic Trade Idea for IRCTCIn this insightful post, we delve into a compelling trade idea tailored for the upcoming trading session of IRCTC (Indian Railway Catering and Tourism Corporation Limited). Discover expert analysis, market trends, and key indicators guiding this strategic approach. Explore the potential opportunities and risks, empowering you with the knowledge needed to make informed trading decisions. Stay ahead of the curve with our comprehensive analysis, ensuring you are well-equipped for the next IRCTC trading session.
Unlocking Potential: A Strategic Trade Idea for IRCTC in the NexIn this insightful post, we delve into a compelling trade idea tailored for the upcoming trading session of IRCTC (Indian Railway Catering and Tourism Corporation Limited). Discover expert analysis, market trends, and key indicators guiding this strategic approach. Explore the potential opportunities and risks, empowering you with the knowledge needed to make informed trading decisions. Stay ahead of the curve with our comprehensive analysis, ensuring you are well-equipped for the next IRCTC trading session.
Spend your CTC travelling on IRCTC with ECSTASY-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.