IRCTC chart analysisIRCTC chart analysis on daily time frame. This looks like at good support level.
Please share your feedback.
IRCTC trade ideas
More downside to IRCTC??IRCTC has formed a descending triangle pattern. A break below the support line could bring more downside
IRCTC long IRCTC closing above 910 with good volumes could again touch 1280-1300 levels. Could be a good long term stock..
IRCTC Ltd intraday level for 23rd Aug #IRCTC IRCTC Ltd intraday level for 23rd Aug #IRCTC
Buying may witness above 943
Support area 936. Below ignoring buying momentum for intraday
Selling may witness below 929
Resistance area 936
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
IRCTC intraday level for 22nd Aug #IRCTC IRCTC intraday level for 22nd Aug #IRCTC
Buying may witness above 938
Support area 929. Below ignoring buying momentum for intraday
Selling may witness below 929
Resistance area 938
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
IRCTC: Strong Q1 Performance and Key Technical Levels to Watch💰 IRCTC reports a 32.5% increase in net profit for Q1 FY25, indicating strong growth
🔄 Wait to Retrace from major support level
📈 Potential bullish breakout above 955, with resistances at 1002, 1057, and 1139
📉 Watch for bearish breakout if support fails
📊 Follow for analysis!
buy at zone - swing / intradayENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level (intraday )
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
IRCTC - SHORT - WEEKLYIRCTC Weekly view is Bearish
Short RR 1:1.5
One Can hold Short position
TARGET : 760
IRCTC-Swing Trade- Will this stock drop to next bullish station?NSE:IRCTC NSE:IRCTC
13.07.2024
Buy above 1059
Target 1128
Stop Loss 990
Risk Reward: 1:1
1. Inside breakout. But wait for high to break for entry
2. Strong Resistance turned support level. 4th Retest failed at the same level.
3. Price rejection from 200 EMA % found fake breakout at key support level
4. 21 & 50 EMA Crossover. Price above both level
5. Price has crossed 0.618 downward Fibonacci level also rejected two times
from 0.5 Level indicating end of downtrend.
6. Rejection from bullish fair value gaps
7. Increased volumes in green candles compared to bearish candles
IRCTC - Looks good for long termAs per my analysis., IRCTC can be added for investment
Buy zone 642 to 741.10 with SL of 637.
First Target will be 855
Second Target 970
Third Target - 1100+
Please comment if you wish to see my analysis for any stocks.
Please do your due diligence before trading or investment.
Thank you.
IRCTC LongAs per the Indicator IRCTC was in resting period from 4th June to 2nd July and now the movement has started. In the next 30-40 days it can possibly move by 8-10%. I have taken IRCTC!!
IRCTC S/R for 12/7/24Support 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.
Will IRCTC hit 1100 ?Stock Update - *IRCTC cmp 1036*
Company announced DMRC, and CRIS collaborated to promote the 'One India – One Ticket' initiative
Impact - Positive
*Buy IRCTC with the extended Target of 1088*
Support 984 - 993
IRCTC ( A MONOPOLY STOCK)IRCTC is showing strenth in its price action on daily time frame. supported by gud volume and 20 MA. today gud buying from lower level.
buy above 944
sl 870
First target will be all time high.
IRCTCIRCTC is become the breakout trade after crossing the high of Saturday, then its go for 1084 and 1135.
IRCTC BREAKOUT IRCTC breakout in SY Triangle pattern. this is monopoly stock.
previous trend = up
volume = today volume and price is GOOD
PATTERN = breakout
SET STOP LOSS MINIMUM - 5%
MA ACTION ;
I am already hold this stock 989.48 price and today I am ACCUMULATEING
IRCTC - Ready for a HUGE move? Aiming around 80%+ gains! IRCTC is set to double once it clears key resistance levels!
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Weekly TF View:
Here's the plan:
- Critical Level: Watch for a daily candle close above ₹1000. This signals the first entry point around ₹1027.
- All-Time High Alert: If the weekly candle closes above ₹1300, prepare for a potential Marubozu candle, indicating strong bullish momentum. This will be our second entry point.
- Strategy: Entering before the breakout to catch the bottom. Remember, risk management is crucial. The market is supreme; we adapt.
- Price is bouncing from the important fibonacci support area. Showcasts buyers are strong!
Let’s wait and watch the show unfold!
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Stay tuned for updates as IRCTC approaches these critical levels. Happy trading!
Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing.
Thanks & Regards,
Anubrata Ray
Intraday level for Indian Rail Tour Corp Ltd for 30th MayIntraday level for Indian Rail Tour Corp Ltd for 30th May
#IRCTC
Selling opportunity for intraday below 1035
Resistance and Stop Loss area around 1050
Charts for Educational purposes only.
Please follow strict Risk Reward and Stop Loss if you follow the levels.
Thanks,
V Trade Point.
sell at zone ~ intradayexpecting small fall from the zone . look for confirmation inside zone in smaller tf.
- good for intraday trade
- entry inside zone
- sl is day close above zone
- for target draw fib retracement from C to latest swing high , use 0.236 fib as tgt 1 (safe place for intraday), 0.382 as tgt 2 (risk takers).
- don't trade , if u didn't get selling confirmation inside zone
- if day close is above this zone , this pattern becomes invalid.
IRCTC19/05/2024
IRCTC
CMP:1102.6
If closed above 1120
Target: 1280
SL: 3% or as per risk
Information is only for study purpose
IRCTCPositionally looking good for long position
good base formation, getting ready for new highs
Disclaimer: sharing analysis for knowledge purpose, no buy/sell recommendation
IRCTCShould buy now because of the resistance breakout and the gap above so can fill the gap let's see.
IRCTC: board the train?on its way to complete the CnH, need to close above 1025 to confirm the BO. Immediate target will be the ATH. Should be watched closely!
