Hi
The another railway stocks are on fire. Ircon international looks good. The price brek out and retested with support and ready to move to the previous high of 272.
Keep an eye on the stock; the stock has tried to break the resistance many times.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
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📌TRADE ANALYSIS OF IRCON
• Potential Breakout Chart
• VCP Pattern ...
stock ready for new high stock face tuff resistance on 240 level if daily candle close above 240 then stock will be rocket can go upto 320
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy...
NSE:IRCON
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
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This is our personal view and this analysis
is only for educational purposes
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stock created a proper bearish price action stock made a high off 280 then fall at 216 then make a high 2nd time again bounce on 216 and 3rd bounce on 216 and 4rth time bounce on 216 made lower high and gave breakdown
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4:...
It seems like you're asking for a chart analysis for Ircon International Limited (IRCON) with a target price of 360. Unfortunately, as an AI, I don't have real-time access to current market data or the ability to generate charts. However, I can guide you on how to conduct a basic chart analysis using historical price data if you have access to a financial charting...
IRCON is most debt free railways company.
monthly RSI above 55.
Future multibagger stock .
its just educational perpose only. not bye or sell recomendation
Ircon International if closes above the level of 224 on 15th Feb, 2024 then the next target will be 251 = T1 and then 273=T2
Now in daily stochastic and RSI showing uptick
Now the stock price getting support of lower Bollinger band support.
and the targets are the previous registances.
IRCON in my experience has been massive when it comes to triggering my SL, but the setup here is interesting. Flag breakout should stand ideally lets see
#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...
Analysis Given on 20th November (Monday)
IRCON (1D TF)
Pattern: RECTANGLE BOX BREAKOUT
- Resistance Breakout - Done
- Consolidation - In Progress
Long Targets - As marked
Short Target - As marked
#stocks #swingtrade #priceaction
Education Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
Strong Breakout with Good Volume...
Bullish...
Swing Trading
#IRCON trading above Resistance of 185
Next Resistance is at 250
Support is at 140
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...
📊 DETAILS
Sector: Engineering & Construction
Mkt Cap: 16,440 cr
Ircon International Limited (IRCON) commenced its business in 1976 as a railway construction company, it diversified progressively since 1985 as an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as...
