After long getting some interesting point to add irctc in portfolio now 1. On weekly taking support of EMA100. 2. On monthly trying to take support of EMA20 abv 600. 3. If we check fib retracemnet, taking support on Golden Ratio 0.618 n taking bounce. 4. If we put Anchored VWap on 1st candle on monthly chart, it's taking support of AVWAP' high, also it's the point...
Just placed my idea in Position drawing. Can go more upward. Note: Please book your Stop Loss after Candle Closes (avoid SL Hunting). Grey : Small Resistance/Support Levels Green: Buying or Support Zone (buy at support) Red: Selling or Resistance Zone (but after breakout) Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage.
Focus on IRCTC as it broke out the resistance and comfortably closed above it. Also, the delivery % seems high compared to last few trading sessions, so hopefully, big players are entered into this. Can go long above 604 Targets given. If you agree with my analysis, give your support by giving a like, which will motivate me to share more. Also, my previous views...
Irctc bullish move, low dependability, keeping the first tgt small, but if breaks then a big upside possible. Above 590 is +ve else Exit.
RSI Bullish, Holding Fibonacci retracement level 0.786 well with double bottom formation. Possible relief bounce from here for short term. Risk ratio also good.
irctc buy 590.65 stoploss 557 target 650 or 700 #risky #nfa this stock good price action risk or macd
i think this is reversal because hammer candle on support line in downtrend.
irctc is luking gud for upmove after BO T1- 650 only for Educational purpose
IRCTC cMP 583 DATED 7-7-2022 1. Hammer Candle at the bottom. Buy above 585 for a tgt of 600-620-640 SL 565 It is just a view, pls trade at your own risk.
NSE:IRCTC IRCTC at a support level of 0.618 Fib. level and if volume increases then immediately go for long. As a monopoly firm is called. Thanks...
Stock has corrected a lot from its highs and has reached an excellent support.........confluence of 61.8% fib.level and pitchfork median
Volume increase and best resistance level for this chart and good pattern showing on this chart and get best level on fib ristancment and it is good for level on this screen for next day for day trading.
IRCTC is clear cut in bear territory with expensive valuations. Good time to short after decent bounce. Short IRCTC june or july future till 660 for 600/575 and 550. invalid if IRCTC stays above 690 on two day closing basis. #positionaltrade
IRCTC formed good base and looking good above 601 for target 614
So please comment below this chart if market up side than trade
IRCTC - looking ok for a rally. If crosses 760 decisively, it can rally further
IRCTC can retract till 618 Fresh buy can be initiated with 610-618 as SL. If this reverse from 600-610-618 look out for Double bottom pattern and Zoom till 700 1st target and 900 2nd Target. Only for Educational purpose.
If Breaks Then The Targets can be Taken at 756.20 . Time Frame :- 1Hour Patterns Name :- Double Bottom Symbol Name :- IRCTC ( Indian Railway Catering and Tourism Corporation ) Based on Your Own Risk this is only to Show you the Current Pattern . We are not responsible for any profit or loss . BTW Like and Follow if you like this awesome content