IRCTC trade ideas
LAST CHANCE IRCTC is now down only bcoz of its disocounted and yesterdays bak ifty expiry gave a push to fall !!
travel stocks are already flying due to vaccine hopes
levels mentioed as per chart !!
Sell IRCTC on 10th Dec, Chance of huge DownfallChance of huge Downfall
Sell in both Delivery and Intraday
IRCTC (Long term)Can start a directional move anytime soon. Has been sideways for quite some time now. Good for long term investment
Irctc above 1720As we discussed yesterday, it made a bullish flag and gave breakout.
Now created one more bullish flag.
Buy above 1720.
MOVING AVG CONVERGENCE & BREAK OUT OF THE STOCK8-21-50 EMA & 200 SMA MA CONVERGENCE AND BREAK OUT OF THE STOCK.
Irctc above 1600Looking like making a bullish flag.
Keep eyes on Irctc, can give a big move above 1600.
IRCTC: algo demonstrationHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
IRCTC, BUMPER TRADE OF THE MONTH 15% MOVE CAUGHT AS PER ANALYSISIRCTC analysis was posted on Nov 15 that above 1415 this stock will blast to 1450, 1500, 1550 with 1563 as my main resistance zone.
Today this gave early indicator and buy was given to all at 1392 level at 9:26AM. Stock moved 1410 in the first wave and as soon as it crossed 1415, it blasted to 1597 in next 30 mins.
This was once in a month move which we were able to capture.
See the previous post published Nov 15 with same resistance zone marked where stock today took halt.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
IRCTC - EducationEducation only.
No Buy Sell suggestion.
CMP 1560.
Close above 1600 is good for next red line.
Blue is support and SL.
IRCTC, in tight zone, use AVWAP to get BUY/SELL signalAnchored volume weighted average price or simply AVWAP is a previous meaningful benchmark price on a chart chosen by traders that quantifies the average price a market has traded at through a time period, based on both volume and price. This metric is important because it provides traders with a visual into the nature of the trend and the average technical value of a stock from a defined starting point.
An anchored VWAP can thus be used to represent the ‘pain/pleasure’ limit of an average purchased share since that event, top or bottom. Anchored VWAPs turn out to be very good resistance and support lines. A confluence zone on AVWAP from top and bottom shows value area, where both buyers and sellers are in equilibrium.
IRCTC is has taken multiple resistance from AVWAP from top, but it has not resulted in selling pressure and it not trading in tight range of ~3% between both AVWAP (ie 1410-1366).
When price goes above top AVWAP (red line), one can go LONG with trailing SL based on AVWAP from bottom (green line).
Similarly as SELL would be generated when price goes above below bottom AVWAP (green line), trailing SL based on AVWAP from top (red line).
IRCTCIRCTC
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trigger- Ongoing farmers protest in punjab, haryana against railways(Negative)
Buy IRCTCBuy IRCTC above 1408 Stoploss 1340 Target 1460 and 1570
Downtrend Trendline Broken with huge volume and now stock is consolidating...All levels are on closing basis
IRCTC - Will the 6 months consolidation ends?Price trading inside a range, almost it breaks the range down and bounced back with a bang. Reached the resistance levels (dotted lines) in a day's trading and looking to break once again to reach the supply zone.
Yet there is no signs of public transport in full swing so we need to wait for some more time for the price to break this range.
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IRCTC, READY TO FIRE ALL CYLINDER POST 1415 (CHART# 360)IRCTC has seen 150+ days of consolidation in close range and has given breakout 4 session back and now staying on top of trend line.
Above 1415, it can see up move to 1450, 1500 & 1550. This stock when moves, it does crazy thing so wait for level to break patiently and get ready to enter in this highly rewarding stock.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
Right time to buy with a low risk/rewardA perfect 15 min uptrend.
Low risk (SL red line).
Stock will go up once cross the resistance line.
q2 result is better than q1 despite of Covid19 impact.
