IRCTC trade ideas
Focusing on IRCTC after a long time Finally the IRCTC is in a good upward trend and we will see a good response of news in IRCTC very soon.
1- A long old uptrend line is following and giving good support to this new uptrend.
2- Now the downtrend is over for sure.
3 - For around 2 trading days there will be more consolidation but don't be surprised if the 760+ target is achieved in this month .
IRCTC will continue uptrend we are 40 points running profitOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Possibilities of IRCTCNSE:IRCTC Currently stock making CUP&HANDLE pattern, after completed pattern wait for break its multiple time restance zone which is from 760 to 770. if break successfully resistance make position for 1st target of 825, 2nd is 900 and keep stoploss is 750.
irctc boom....hold tightlyrising trend line with three dives wedge formation and every fall land on upper layers of Fibonacci level...
IRCTC looking good for upside move For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
[Diary] IRCTC Price Action IndecisionIRCTC if you look at daily timeframe will tell you to buy it.
Monthly tell to sell.
This is exactly why I do not have good trades right now.
IRCTC Positional TradeDecent RR Ratio - Positional Trade
IRCTC CMP 669
Strong Support 630
Target 730
Regards
Naresh G
SEBI Reg. RA
irctc breakout irctc breakout with good volume on daily chart. golden EMA about to crossover. targets 711,740,770. can add half qty now and half after the trendline retest.
IRCTCPlease consider IRCTC for Swing or Long time Trading If break out Resistance
This chart for Knowledge purpose
IRCTC Ready to fly for 100% gainChart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
Request your support and engagement by liking and commenting & follow to provide encouragement.
IRCTC50 moving average retest & trendline breakout!
T-1 : 776
T-2: 920
SL : 640
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register
IRCTCIRCTC for Swing Trading
The chart is self-explanatory ...
***I am not SEBI Registered. All my charts and analysis are only for educational purpose not for trading purpose.
IRCTC :Ticket to a profitable journey Script name : IRCTC
CMP 653
Looks good for a short term trip
TGT - 780+
Sl can be placed below 600-620
Pattern observed: Inverted head n shoulder which has a decent success ratio too ..
Also : IRCTC is a 100% monopoly in railway ticketing. Whether you book tickets from IRCTC or from aggregators like Paytm, MakeMyTrip or now Adani acquired Trainman, IRCTC makes money.
(It earned Rs 70 crore via Paytm in FY 2022, @ Rs 12 per ticket 🎫)..
Tere IRCTC ka to koi competition nhe 😜
NOTE : Just for educational purpose not any personal recommendation for the buying or selling the mentioned stock.
IRCTC LongThe Counter after going thru down trend on Weekly charts is slowly turning around. Formed double bottom at around 556 levels and now formed higher low around 614-615. Expect Good Up move above 677-678 levels.
IrctcAs there is a clear displacement in price for the downside after getting into an imbalance level, now my point of action is to short irctc at current market price and target respective levels with a stoploss og 675
irctc we have 2 best entry levelwe are go long according to that level where we get price action
1st entry - once it break level 641 and then back to retest 641 on that level we can go long
2nd entry - once go down near 560 and there we get "w" pattern then only we can go long
keep watching irctc
IRCTC can be long for longer period time as per studyStock is making triangle pattern and currently trending near dynamic support line wiht positive divergance of RSI felt right moment to get in
IRCTC monthly chart IRCTC chart on monthly basis. I have drawn just trend line on monthly basis. A long time it is consolidation. Buy this stock whenever it will break trend line.
IRCTCTIRCTC Top Trendline 3rd touch with Bearish Engulf let us check double bottom will support or not
IRCTCIndian Railway Catering and Tourism Corporation (IRCTC) is a Mini Ratna (Category-I) Central Public Sector Enterprise under the Ministry of Railways, Government of India.
Inverse Head and shoulder - Targets mentioned in chart , SL as per your risk appetite
Market Cap
₹ 51,504 Cr.
Current Price
₹ 644
High / Low
₹ 775 / 557
Stock P/E
52.2
Book Value
₹ 31.0
Dividend Yield
0.57 %
ROCE
59.0 %
ROE
45.2 %
Face Value
₹ 2.00
Promoter holding
62.4 %
EPS last year
₹ 12.6
EPS latest quarter
₹ 3.48
Debt
₹ 84.2 Cr.
Pledged percentage
0.00 %
Net CF
₹ 23.2 Cr.
Price to Cash Flow
98.3
Free Cash Flow
₹ 502 Cr.
Debt to equity
0.03
OPM last year
36.0 %
OPM 5Year
33.2 %
Reserves
₹ 2,318 Cr.
Price to book value
20.8
Int Coverage
83.4
PEG Ratio
1.50
View For IRCTC View For IRCTC
The Chart shows that Stock has broken the Resistance level and now it's taking support of Trend line.
