IRCTCIRCTC
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trigger- Ongoing farmers protest in punjab, haryana against railways(Negative)
IRCTC trade ideas
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.
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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.
IRCTC is on thin ice. Might melt! IRCTC is on thin ice here. Weekly charts show the stock has always taken support at 1345 levels. If it closes below the levels, could be a not-so-pleasant journey for the stock.
Short initiate at 1343. Target@1314. SL@1354.
IRCTC is ripe for a SWIFT MOVE UP. Expect atleast 20% Swift MoveSpread Chart - IRCTC/NIFTY
The last supply seems exhausted and slowly its preparing for a SPRING MOVE.
The Risk/Reward is Highly Favourable at CMP of approx. 1390
longStock is consolidating for the last 2,3 months and also try to break out with huge volume but the stock tested its support zone, but now if breakout will happen then it will show some big move. fundamentals of the company are also good.
irctc triangular breakout??irctc consolidated for long - a break n triangular consolidation will drive to 1600+ if privatisation n sale in stake favour SL 1320
IRCTC Daily - Symm triangleTrack this for a breakout/ breakdown - might run for a few weeks once trend lines are broken
Breakout trade IRCTC is poised to give good returns with good risk to reward ratio as the setup looks good. A clear breakout from an ascending triangle pattern and a good consolidation since last 2 months. Breakout is supported by good volumes and RSI showing the charge of bulls. One can expect good returns in near short to mid term.
Disclaimer: Take this view for educational purpose. Trade/Invest on your own risk.
Happy trading, happy investing!
#IRCTC startedWith reopening of railways, again expecting good movement in this counter. May accumulate
IRCTC: BUY above 1415, First Target 1750IRCTC is moving in a range of 1315-1415 for the last 2 months, with low volume.
The longer & shorter duration multiple moving averages have compressed.
A breakout above Rs. 1415 can trigger a long-term uptrend. A weekly close above Rs. 1415 is also important.
Trading plan:
👉 BUY above Rs. 1415
👉 SL 1315 (around 7-7.5%). Size your position accordingly.
👉 Target - First target can be around 1750-1800 levels. The rest can be trailed.
CASH COW - IRCTC - BULLISH CYPHERIndia's favorite stock IRCTC is noticed forming bullish cypher on day frame which is very strong!
Go long after a bounce from PRZ zone and book huge targets!
trade with SL and trail!
HAPPY TRADING :)
IRCTC - Has the Next Big Thing Fizzled Out?
IRCTC has seen the best days since its listing at around 625
It managed to soar high and make a 52 Week High at 1995 within 6 months in Feb 20202
However it seems that the heydays are history as the Stock is getting weaker by the day
lacking momentum.
There is a serious contraction in volatility.
The Money Flow Index is at 16
The daily trading volumes have gone down considerably.
The stock is trading below 10 and 50 DEMA
And is on a decline.
A breakdown could be a possibility at this moment
The stock is trading at 20 times its book value
However the company has strong fundamentals and is almost debt free
It has strong RoE and healthy Dividend payout at 41.67%
