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 ,
IRCTC trade ideas
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.
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.
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