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IRCON INTERNATIONAL LTDIRCON INTERNATIONAL LTDIRCON INTERNATIONAL LTD

IRCON INTERNATIONAL LTD

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IRCON trade ideas

IRCON can move upwards after consolidation. IRCON International Ltd. engages in the provision of engineering and construction services. It specializes in major infrastructure projects, including railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, extra high voltage sub-stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. The company operates through the Domestic and International geographic segments. IRCON International Ltd. 225.88. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Effectively using its capital to generate profit and High Volume, High Gain. The Negative aspects of the company are High Valuation (P.E. = 23.1), MFs decreased their shareholding last quarter, Underperforming their Industry Price Change in the Quarter and Increasing Trend in Non-Core Income. Entry can be taken after closing above 227 Targets in the stock will be 246, 265 and 285. The long-term target in the stock will be 316 and 352. Stop loss in the stock should be maintained at Closing below 180. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:IRCONLong
by Happy_Candles_Investment
IRCON' S SUPPORT & RESISTANCE BULL OR BEAR ???- Hellooo, let's come towards main point as we can see from the daily chart Ircon is at its main support level which is 192 and from the same level it took support 4 times and reached 239-240 level. - The level of 239-240 will act as resistance for it and if it breaks the next target or resistance will be at 280 or 281 if we talk about percentage then Ircon can give upto 30%. - The strategy what we can use is to buy at lows so atleast if consider average issues then still we can earn minimum 15-20% in short term or above it. - S = 192 R=240 R2 = 280 R3= 301 & R4 = 351 - This are all my personal views not a buy or sell recommendation
NSE:IRCONLong
by investorragnarok
irconrcon International Limited (IRCON) an integrated engineering and construction company having expertise in major infrastructure sectors including railways highways bridges flyovers tunnels metro railway electrification aircraft maintenance hangars EHV sub-stations runways EHV sub-stations electrical and mechanical works commercial and residential buildings railway production units development of industrial areas amongst others. It offers Engineering Procurement and Construction (EPC) services on a lumpsum turnkey EPC and item-rate basis for various infrastructure projects. IRCON a prominent public sector construction company in the country has established itself as a leader in Transportation Infrastructure particularly in the execution of Railway Projects. So far the Company completed over 128 projects in 25 countries across the globe and more than 400 projects in India. In the domestic market it specializes in working in difficult terrains and disturbed regions. Furthermore it is an active participant in prestigious nation-building projects.Ircon International is a public sector construction company with specialization in execution of Railway projects on turnkey basis and otherwise.
NSE:IRCONLong
by Tradernawab
IRCON INTERNATIONAL S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:IRCON
by zenthosh
Ircon International Ltd - Breakout Setup, Move is ON...#IRCON trading above Resistance of 298 Next Resistance is at 423 Support is at 211 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IRCONLong
by MandeepSinghKohli
6
IRCON #StockAnalysis #TechnicalAnalysis #Fundamentals #Infrastr**IRCON International Ltd (NSE: IRCON)** is currently experiencing a retracement from its recent high of ₹301.45, down 1.84% to ₹268.90. The stock is testing support around ₹266.68 (23.6% Fibonacci level) within a long-term ascending channel. Key resistance levels are ₹301.45 and above, with support at ₹226.68. The RSI indicates potential further consolidation. ### **Fundamental Overview:** - **Revenue and Profitability:** IRCON reported strong revenue growth of 22.7% to ₹10,080 crore in FY 2024, with a net profit increase of 13.4% to ₹911 crore. The company's EPS stands at ₹4.85 (www.smart-investing.in) (simplywall.st). - **Valuation:** Currently trading at a P/E ratio of 21x, the stock is considered overvalued relative to its intrinsic value of ₹73.91. The high P/E suggests that investors are pricing in significant future growth (www.smart-investing.in) (www.motilaloswal.com). - **Dividend:** IRCON offers a dividend yield of 1.2%, reflecting consistent returns to shareholders (www.motilaloswal.com). - **Market Position:** As a key player in infrastructure and construction, IRCON benefits from ongoing government projects and robust order books, positioning it well for future growth. ### **Technical Analysis:** - **Trend:** In a broad ascending channel since October 2022, with current support and resistance indicating potential for both continuation and correction. - **Volume:** Increased trading volume suggests strong investor interest, though recent selling pressure could signal profit-taking. **Outlook:** Despite a slight pullback, IRCON’s strong fundamentals and growth potential in infrastructure projects make it a compelling watch for investors, though caution is advised due to its current overvaluation. 📊 #IRCON #StockAnalysis #TechnicalAnalysis #Fundamentals #Infrastructure
NSE:IRCON
by darwas121
Breakout in IRCON InternationalStock Analysis IRCON has broken out after its January high and is now taking a brief pause. A rounding bottom formation is evident on the chart. Volume is increasing with price appreciation, indicating strong buying interest. The stock has significant upside potential. Trading Strategy Target and Stop Loss: Follow the levels mentioned on the chart. Potential: The stock is poised for further gains. Consider this setup for a potential profitable trade. Stay alert and trade wisely!
NSE:IRCONLong
by We_Learn_Investing
IRCON INTERNATIONAL LTDIRCON INTERNATIONAL LTD. (1D) CMP 166 Close within 52 Week High Zone Continuing higher High Higher Low Formation Already Covered at Rs. 88.65 SECTOR : Infrastructure INDUSTRY : Engineering - Construction SMALLCAP MARKET CAP : 15,612.56 cr. PE : 17.99 INDUSTRY PE : 48.68 About Company: The company specializes in major infrastructure projects, including, railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV sub- stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. In its railway construction business, the company is a turnkey construction company that specializes in new railway lines, rehabilitation/conversion of existing lines, station buildings and facilities, bridges, tunnels, signaling and telecommunication, and railway electrification. Projects are usually awarded to it directly or where applicable, the Ministry of Railways awards projects to it indirectly through nomination. In electrical business, the company carries out railway electrification and railway siding as turnkey projects. It also leverages its in- house design capacity to carry out projects on EPC basis.
NSE:IRCONLong
by Kenil_Rana