IRCTC trade ideas
IRCTC looks bullishIRCTC has formed a bullish pennant pattern , Target 1720 , 1900 as mention in the chart with SL of 1370
for learning : Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. The volume at each period of the pennant is also important.
IRCTC DO TRAINS FLY ?Follow up on previous chart just lower time frame
Classic breakout then retest of blue dotted line at 1509 doubt it will dip below here but the other 2 MA's bringing up the rear end at 1456
IRCTC | Don't underestimate it
IRCTC has been consolidating in a pennant right under the resistance for about 2 months now.
Just broke out of it today, im long IRCTC until it hits 2000. Not selling before that.
Think about it, the Railways are yet to operate in full capacity after lockdown is phased out slowly. Definitely i would expect this piece of art to boost up once the economy is unphased.
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IRCTC - Breaking out of PennantIRCTC is on verge of breaking out of the pennant . with lockdown lifted , things should only go better for this stock
Breakout point is approaching !!! The trend is going in accomodating. Possible breakout in an uptrend.
IRCTC - Lesser carbon footprint Demand should increase.21 day offering support on the daily
Looks like this is on a steep incline trending up so do not rule out 1963 coming fast . Air Travel looks slightly depressing for the time being however trains i feel will be the backbone .
Don't really dwell too much on the FA however waiting for 1450-1509 to get blasted through then we have a nice big Zone with barely any resistance.
Might just be aggressive and fomo in with a tight SL at 1368.95 depending on price action when it opens.
You've gotta be in it to win it ...in'it?
Flag Pattern IRCTC daily chartBullish Flag Pattern spotted. Volume needed for breakout. Target price 2170.Best buy time as it is in consolidation phase.
IRCTC - Even the Chart is Following Social Distancing normsIRCTC - Strictly following the Social Ditstancing norms
IRCTCI have done this research based on the Monthly, Weekly and Daily charts.
I never like to take my trade on less than a daily time frame and I advise those who like to hold their trade for more than 1 to 3 days. Then please do not take your trade basis on the lower time frame.
If you like my idea then do like it and if you have your idea or research you want to share then do it I would love here about it!
Happy trading!
HONEYMOON IS ABOUT TO OVER.. JUST WAITING FOR PRZ....DISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
IRCTCIRCTC (CMP 926)...
After a stellar Listing,Stock has been trading in Range from last 3 months...
Stock has formed good base around 850 ...
Stock can test 950 breaking that can see 1000/1050+ in coming Months..
Support 850
IRCTC in a bearish descending triangleIRCTC is currently trading in a bearish descending triangle. The price should break down to a measured move to 0.5 fib levels which is at 820ish. Daily RSI over brought. Also it broke below the 200 period MA on hourly chart.
