Cup and handle breakout possible in IRCTC.
FII holding increased from 7.34% to 8.08%
DII holding increased from 11.98% to 12.72%.
No change in promoter holding
IRCTC this stock only for long .
This Long term Investment only base on Indicator which is 5 EMA On Montly.
If you afford the stoploss then only take this trade for Long Term.
I didnot read any fundamental for this stock. This is purly on Indicator.
This is only for education purpose.
Unfortunately, due to tech glitch last post was not visible
CMP 781 - add on dips (Details in the Chart) - Tgt for now 909
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Regards,
Naresh G
Sebi Reg. RA
Hi,
NSE:IRCTC has given a Bullish Flag Breakout on weekly charts with very good volume.
MACD is also on the bullish side on daily and monthly time frames and expecting to turn positive on weekly time frame. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue....
Activated above 1070
Positional Trade (Consider for Mid to long term)
Keep SL - 7%
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
Date : 1-Apr-2024
Rating : Buy - Positional Trade
LTP : Rs. 970.15
Targets: (1) Rs. 1,049 --> (2) Rs. 1,118 --> (3) Rs. 1,279
SL : Rs. 930
Technical View:
• NSE:IRCTC is in its primary uptrend since Oct-2023 and was recently going through it's secondary downtrend.
• After touching the high of 1,049 on 20-Jan-2024, it has retraced 18% to 862.75 level.
• ...
Good volume build in daily time frame even though the whole index and sector was down.
Breakout of recent high with good volume, wait for retest conformation.
NOTE: i do my analysis, do your before trade.
IRCTC: Buy recommendation was given at 760 levels itself. now at 1065 has formed a bullish flag pattern. sustaining at 1065 levels expect a move towards 1100+(For educational purpose only)
IRCTC IS LOOKING bullish it can give 1300 rs target in upcoming days , in this type of market where nifty is not supporting any stocks , irctc looks so strong , and also have done breakout on daily and weekly chart . target are based on fibonacci and wd theory , holding for 950 ,
Buy IRCTC at 1055 sl 999 tgt 1225
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in...
NSE:IRCTC Good buying opportunity in IRCTC .
BUYING RANGE: 650-660 ( After breakout)
Case1-
Good to buy after breakout of the Trend line ie. @650-660.
Put Stop loss of 610.
Case2-
Second opportunity : if found around the Previous Demand Zone of 560-580.
Put Stop Loss of 545-50
TARGETS :
T1- 710
T2- 765
T3- 840
T4- 920
WHY IRCTC:
1-...
NSE: IRCTC is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 10% to 15% gain on...
![IRCTC: [LONG TERM] IRCTC LONG TERM](https://s3.tradingview.com/4/4U8e3lNP_mid.png "[LONG TERM] IRCTC LONG TERM")
