IRCTC Supply zone Breakout *IRCTC*
Time Frame: Daily
Observation:
* Supply Zone Breakout
* Swing High Break
* Mean (EMA) Diversion
Resistance/Target: 814 908 1001 1062
Support: 688, Dynamic Support at 200 EMA
IRCTC trade ideas
IRCTC Potential BreakoutThe idea here is about IRCTC:
Indian Railway Catering & Tourism Corp. Ltd. provides railway related services. It engages in Catering and Hospitality, Internet Ticketing, Travel and Tourism.
My view is bullish (Swing trade) for the below observed technical factors.
Points as per TA on a weekly & daily chart:
1.Falling wedge pattern observed on a weekly chart & near the breakout point as per below:
2. Cypher Harmonic completed on weekly chart at the time of publishing as per below:
3. EMA 20 support established on weekly chart as per below:
4. Trading above 20 & 100 EMA on daily chart at the time of publishing.
5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & monthly chart is Neutral & Weekly is strong downtrend and weak at the time of publishing.
6. RSI is at 55.36 on a weekly Chart and 58.75 on daily chart at the time of publishing.
7. MACD Just crossed signal line on daily chart which is a signal for upward momentum as per below:
8. MACD way above signal line on weekly chart.
9. Hull Moving average and other moving averages on a daily,weekly & monthly chart is a strong buy.
10. ADX (Average directional index ) trend strength is at 11.81 on a weekly and 14.09 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) However, the trend seems to be picking up.
11. Enter long position once the breakout is confirmed with retest on daily/weekly chart as per below:
Projected Target with % : provided in the chart as per Cypher harmonic pattern.
Stop Loss: Provided in the chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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IRCTCIRCTC is enroute to confirm butterfly pattern, technically its a buy only above 726 where it confirms its pattern. One can also buy here @ 718-719 assuming it ll break above 726.
In that case should be bought with mentioned stoploss & target
IRCTC INVESTMENT IDEA The stock had been in a downtrend now it is making HHs and HLs
Now its a good time to invest wait for a retrace
multiple entries can be better.
beast about to unleashits know to give wild moves and hasn't performed for sometime. now its time for it to roar
IRTCTC IRCTC this chart indicates more fall upto next support zone in weekly candlesticks pattern it is showing totally negative. if this trendline breaks down then can give more fall
IRCTC looking bullish IRCTC looking bullish
Daily time frame Head and shoulder pattern to break
1hr time frame cup handle to be brake
RSI daily taken support from 40
RSI hourly above 40
retest after breakoutIRCTC rested after breakout in weekly and daily chart . May be price move to 900 . Do your analysis and act
#IRCTC POSITIONAL VIEWMy positional view on NSE:IRCTC
IRCTC is in bullish mode. Breaks major resistance.
My entry point at 728
My target would be 832 (104 points gain)
My stop loss 700 (28 points risk)
Note: This is my personal analysis, only for learners.
IRCTC, RSI DIVERGENCErsi divergence when irctc is looked in a shorter time frame.
possibility of a breakout..
i have provided the link of longer time frame below-
IRCTC, HAVE A LOOK. Possibility of breakout, yet dont take a trade, stock can even go its support after touching its resistance.
lets keep a watch..
i have provided the link of shorter time frame below
IRCTC📊 Script: Indian Railway Catering & Tourism Corporation Ltd
📊 Sector: Railways
📊 Industry: Travel Agencies
📈 IRCTC is giving breakout of ascending triangle on a 15 Minutes time-frame.
📈 Right now RSI is around 65.
IRCTC - LONGIrctc - Again Retest expected at 640-630 Range, One can go long for the Target of 800 in short term. Keep stop loss at 600 (Closing) - Good stock for long term.
IRCTC - GO LONG SETUPIrctc - Again Retest expected at 640-630 Range, One can go long for the Target of 800 in short term. Keep stop loss at 600 (Closing) - Good stock for long term.
IRCTC buying opportunity for swing tradingBuy bewteen 725 to 630
Target >790
Keep strict stop loss below 720 on daily close basis.
Mind the market condition nwxt week.
If market condition is bearish then enter only of IRCTC chart shows good strength.
IRCTC ,, Catch the train on Time Target :800
Positive Breakout Third Resistance ( LTP > R3)
High Volume, High Gain
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 23.75% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 31.52%
Company has been maintaining a healthy dividend payout of 28.24%
Debtor days have improved from 162.78 to 111.21 days.
NetProfit 29.1%
OperatingProfit 31.9%
F&O data suggests Long Buildup today
50.20% away from 52 week high
38.50% away from 52 week low
High Piotroski Score - Companies with strong financials
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with No Debt
Increasing Revenue every quarter for the past 3 quarters
Increasing profits every quarter for the past 3 quarters
Company with Zero Promoter Pledge
IRCTC ready to Fire in Coming Days.Rajdhani Is set to fire in the coming days with 100% Market Share In the Segment, Also Today has news related to ticket counter closer So be ready to ride the Journey in Coming Days.
