IRCTCIt crossed crucial support level and nearing 50% Fib level.
Gap in chart and locked down news to be watched.
IRCTC trade ideas
IRCTCI am new to Chart analysis... this is just learning exercise.
BULLS AND BEARS are fighting to take control.
Interesting to watch
IRCTC levels for 06-Mar-2020(Intraday)It close via double bottom near support area,
Above 1440 for 1450,1470,1500
Below 1410 for 1400, 1380,1350
A big move highly likely in IRCTCThe candle has formed near the trend line and a big movement is highly likely.
Keep a watch at the trend line. You should place orders for both long and short.
Go long at stop loss of 1720 and target 1928.
or if the candle crosses trend line go short at stoploss 1871 and target 1600.
Goodluck..!!!
IRCTC - Sell below 1885 - Target 1847-1780, S.Loss 1932.SELL Below 1885 for targets 1847-1780.
Stop Loss 1932 (short term / intraday)
Stop Loss 1975 (positional)
OTM calls exceeding above 1950 can be sold too, safe traders can buy Put if strike around 1850.
IRCTC analysis before Q3 results Clear indication of horizontal consolidation plus the upcoming Q3 results will surely push the price to 1600 levels.
IRCTC - 1st Halt ( Amazing Journey 625 to 980) - What Next ?Trading Strategy
Scenario 1-
Holding above 920
Part A:
Expect upside push to 980-1000 zone
Part B:
Selling if fails to cross 1000 or crosses 1000 falls immediately then expect 920 / 850 /700
Scenario 2 -
Strictly Holding above 1000 for extreme bullish scenario- Expect 1500 -1600 Target zone. Failing to hold 1000 post crossing above becomes "Part B - Scenario 1" as mentioned above.
Thanks for all support
Wish All of You A Happy, Prosperous & Terrific 2020 !!!
IRCTC, Positional Idea IRCTC if closes above 955 on daily basis can reach for 1054 as next target. This is based on Fibonacci numbers.
IRCTC, Ideas for profit (Monday 16-Dec 2019)IRCTC has given breakout from descending triangle (yellow line) and has some resistance at 903 level (blue line).
IRCTC always work well with BO of descending triangle. Should be in watchlist for 16th Dec
