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IRCON INTERNATIONAL LTDIRCON INTERNATIONAL LTDIRCON INTERNATIONAL LTD

IRCON INTERNATIONAL LTD

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IRCON trade ideas

Turning Bullish: IRCON InternationalIRCON International has been in a downtrend since Aug 2024. It was sliding in a parallel channel pattern. However, it broke the channel pattern and gave a strong breakout with excellent volume. IRCON is trading near the strong support zone of 220 levels. It took support around 20 EMA (Black line) and showing some strength. However, 20 EMA (Black line) has to decisively cross 50 EMA (Orange line) to confirm the bullish trend in weekly closing. Technically, the downside risk is limited. RSI is also showing some strength. Resistance levels: 220, 267, 300, 350
NSE:IRCONLong
by shanmurali
IRCON - Long Term ViewThe chart shows a technical analysis of IRCON International Ltd on a daily timeframe. Here's an analysis based on the visible elements: 1. **Price Action** - **Downtrend:** The stock has been in a sustained downtrend for a few months, as indicated by the descending price channel (blue shaded area). - **Breakout Attempt:** Recently, the price seems to be testing or slightly breaking above the upper boundary of the descending channel, suggesting a potential reversal or breakout. 2. **Support and Resistance** - **Key Resistance Level:** ₹292.20 is marked as a significant resistance level. - **Key Support Level:** ₹175.29 is identified as a crucial support level. - These levels will likely act as turning points if the price moves toward them. 3. **RSI (Relative Strength Index)** - The RSI is at **53.77**, which is near the neutral zone (50). This indicates no strong overbought or oversold condition currently. - RSI above 50 could signal bullish momentum, especially if it continues rising. ### 4. **Volume** - The chart shows decent volume activity around the current price level. Volume confirmation will be critical for validating any breakout above the channel. ### 5. **Projection** - An upward trajectory is drawn (blue curve), potentially predicting recovery toward the ₹292.20 resistance zone and higher. --- ### **Trading Implications** - **Bullish View:** If the price sustains above the channel's upper boundary with increased volume, it could indicate the start of an uptrend. - **Bearish View:** Failure to break out or a drop below recent lows may lead to a retest of the ₹175.29 support level.
NSE:IRCONLong
by brijmohan_h
IRCON 1DSwing Trading Setup Entry Point: If the price bounces from the 200 EMA and FVG zone, this could offer a good swing trade entry above 251. Confirmation of a reversal can come from strong bullish candlesticks forming above the 200 EMA. Stop Loss: Below the 200 EMA and the FVG zone. A stop loss around the 215 level could protect the trade if the price fails to hold the support. Take Profit: If momentum continues, you can extend your take profit to the next resistance level at 352.05 Volume: The volume in the lower part of the chart is crucial. Higher volumes near support levels (200 EMA) increase the chances of a successful bounce. Keep an eye on any significant rise in volume, confirming the strength of the move. This setup offers a potential swing opportunity if the price holds support and resumes an upward trend.
NSE:IRCONLong
by vinitsugandh
1
IRCON INTERNATIONA TGT 330-360 SL - 229-210 ZONE Ircon International Ltd. is an interesting chart with following 1. RSI on all time frames (DWM) above 60 2. Stock Strongly outperforming Benchmark index and sectoral index 3. Both SRS and ARS above zero 4. Close within 52 Week High Zone 5. Stock making higher highs for last 3 consecutive trading days 6. Higher Trader and Delivery quantity this week 7. ABCD pattern under formation on weekly chart 8. Narrowing Bollinger Bands on weekly chart 9. Price walking on upper Bollinger Bands on daily charts Can be a Good Buy on dips and dips only as Major Support is at 229-243 zone where as next resistance above 275 can be 331 - 364 zone Lets See How it evovles Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:IRCONLong
by rajivrajeev
Stock Market Analysis Report: IRCON International Limited Introduction Hello, fellow traders! Buckle up because IRCON International Limited is on the move, and it’s picking up speed faster than a bullet train! 🚄 Let's dive into the technical analysis and see what the charts are telling us about this infrastructure giant. Price Action Overview Chart Analysis Current Price: ₹307.75 Daily High: ₹315.80 Daily Low: ₹286.50 Volume: 116.643M Key Technical Indicators Breakout: The stock has just experienced a significant breakout. Support Levels: Identified at ₹175.67 (Support 1), ₹214.03 (Support 2), and ₹266.25 (Support 3). Massive Volume Buildup: Indicating strong buying interest. Detailed Analysis Breakout Breakout Level: ₹307.75 Implications: This breakout suggests a strong bullish sentiment, indicating the potential for further upward movement. Volume Confirmation: The breakout is supported by a massive volume spike, which adds credibility to this move. Support Levels Support 1: ₹175.67 - This is a long-term support level, providing a solid foundation. Support 2: ₹214.03 - A medium-term support level, crucial for maintaining bullish momentum. Support 3: ₹266.25 - The most recent support level, pivotal in the current trend. Massive Volume Buildup Volume Trend: The significant increase in volume suggests strong market interest and participation. Significance: High volume during a breakout indicates robust buying pressure, often leading to sustained price increases. Price Targets Immediate Resistance: ₹325.00 - The next level to watch for potential resistance. Medium-Term Target: ₹350.00 - A psychological level and potential profit-taking zone. Long-Term Target: ₹400.00 - If the bullish momentum continues, this could be a feasible target. Conclusion IRCON International Limited has shown a powerful breakout with strong volume support, indicating a bullish trend. With significant support levels in place and increasing market interest, this stock could be on a solid upward trajectory. Keep an eye on the immediate resistance at ₹325.00 and watch the volume closely for further clues. Happy trading, and may your portfolio be as strong as IRCON’s infrastructure projects! 🏗️📈 Disclaimer This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
NSE:IRCONLong
by TRADING-NASA
Ircon International Ltd - Long Setup, Move is ON...#IRCON trading above Resistance of 250 Next Resistance is at 298 Support is at 159 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IRCONLong
by MandeepSinghKohli
IRCON - watch out for weekly close above 302NSE:IRCON cmp 249 keep a watch for weekly close above 302. should do well once it closes above 302 The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional. It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
NSE:IRCONLong
by ajaykalashi
Ircon near resistance zoneHey Family, there is a one more stock Which is showing a great opportunity and forming Ascending Triangle Pattern in daily TF it's already break resistance one and trying to breakout second resistance zone, If Stock break's second resistance zone then we can see a good move, let's see breakout sustain or not. What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Don't know how we miss this amazing stock and forget to share this with you all family.
NSE:IRCON
by ChartSight
IRCON - Long Setup, Move is ON..NSE:IRCON ✅ #IRCON trading above Resistance of 250 ✅ Next Resistance is at 300 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IRCONLong
by Sandeep_Aggarwal