IRCTC trade ideas
irctc irctc has major breakdown in weekly tf if pullback come in irctc we can buy july put of 550 on 630-635 levels
irctcI think this is the right time to buy for long according to tripple confirmation.
volume brakout
macd buy signal
rsi going in buy signal
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double bottom
neck line breakout
next target on trend line ressistance 750
IRCTC important levels as per intradayIRCTC important levels for tomorrow
Seeing good resistance trend line if break then upside movement or else down....
Irctc breash in daily time frameIrctc breash in daily time frame sel on rise.... Short below 620 for tomorrow 🎯 595,590,580
IRCTCIndian Railway Catering and Tourism Corporation (IRCTC) is a Mini Ratna (Category-I) Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems.(Source : Company Web-Site)
Technical :-Trading in channel also it is a falling wedge pattern, buy at IRCTC c.m.p. or after breakout if u buy at IRCTC c.m.p. then stop loss is below trendline breakout candle.
Target :- 52 week High (1279)
Fundamental :-
Business Model -
1.Mobile Catering Business.
2.Static Catering Business.
3.Hospitality Business.
4.E-Catering Business.
DISCLAIMER :
**I am not SEBI register..**
**This is not an investment or Trading advice. This is Just for discussion/paper trading purpose..
IRCTC respecting trend linesIRCTC is respecting trend lines
BO above trend line can give a good move
Trade accordingly
IRCTC: Long Term Investing OpportunityAs we Can See Irctc Has Broken The Support And Now Stand At The 200MA But Because Of Negative Global , It Will Probably Break The 200MA And Go for The Test of Its Very Strong Support Zone Which is Around 710-700 And It is the best opportunity For One To Invest In This Type Of Monopoly Stocks. And From that Level We Can See A very Soon Upside Target Of 20%-25% in Few Months.
IRCTCIRCtC break out for short time
Open 791.85
High 799.80
Low 789.05
Mkt cap 63.24TCr
P/E ratio 114.28
Div yield 0.32%
52-wk high 1,279.26
52-wk low 310.00
IRCTC: Good Investment OpportunityAs we can see on a daily time frame of irctc it is at a good support level and it has tested this level multiple time and from that level it had gave good rally many times and this level is only broken at the time of ukrain russia conflict else it had never broken that level and it is continuously taken support from that level so once again IRCTC at a very good level and previously this level is works as a ressisetence and we can see on a chart that after breaking the level of 800 it has given a good rally till 1100 so this is good opportunity to go long in irctc.
#IRCTC Strong up side on cards #Elliottwave IRCTC 1W: Appears it is completed correction near recent lows & ready for reversal. While price is giving BO all oscillators are gaining the strength. Price > WEMA 20. It is well poised for 1100 & 1250. Good to accumulate between CMP - 775 for targets mentioned. Keep eyes. #IRCTC
IRTCT touch 1000 mark soon !Stock has rallied nearly 127.8% as compared to 19.3% for the Nifty500, in the last twelve months. The EPS good is exceptional indicating strong outperformance in earnings growth.
Accumulation/Distribution Indicator showing strength This indicate heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.
Today Irctc has crossed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 4.5% up on a 32.2% greater volume than the 50-day average. Rising stocks often rebound from their 50-day lines as big investors use it as a reference point to add shares to their positions, creating a price support. You may want to keep an eye on the stock for further supporting actions.
Stock also breaks major trendline and near to 23.8% retrcement level. Once Breack 850 level it's touch 1000 marks soon.
Irctc breakout expectedKeep strict stop loss long consolidation breakout +triangular pattern breakout
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Tickets are on sale now for the july 25th show at Cheyenne frontier days ....
IRCTC ANALYSISFlag and Pole Pattern
Entry either on upside or downside break of the flag
CMP: 816.35
Upside Targets: 837.35-838.50, 846.35-847.50
Downside Target: 793.35-794.50
Irctc trading analysis Itctc trading in the rectangle zone ..after the split announcement .the stock has been trading in the rectangle zone
Current market price: 830
Strong support at:770!
Resistance:930
Irctc Cup& handle patternIrctc Cup & handle pattern formation
This chart is meant for learning purpose only....
Invest Your capital at your own risk...
head and shoulder pattern 1hr tfhere in 1 hr timeframe we are clearly looking head and shoulder on irctc definatly target can be 800 in shorter term
IRCTC ANALYSISHead and Shoulder Pattern (Bearish)
CMP: 861.70
Support Zone: 839-845
Downside Target: 828-830
