IRCTC
IRCTC - DOUBLE TOP FORMATIONBREAKING THE NECK LINE WILL LEAD TO LOWER END OF TREND LINE.
OR
BOUNCHING BACK FROM THE CURRENT LEVELS WILL LEADTO NEW HIGH
IRCTC IRCTC looks Bullish
All the key levels are mentioned in chart with Stop-loss and Targets
Breakout with Good Volume
Key Levels are Mentioned on chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
IRCTC BUY CALL, Budget Times : All Railways Stock move upWhenever the budget comes there are some stocks that move up until the budget is announced, which mainly include Railways and Agriculture sector ones. IRCTC being a major will surely move up as it moved up last year from 900 to 1900 in just 1 month. Also, the recent trend is making ascending triangles and is signaling a breakout. The trend is very clear. BUY CALL FOR IRCTC, hold for 1 month, and EXIT 2 - 3 days before the budget is announced. Good Luck.
IRCTC - what will happen in next few weeks?This chart shows a date based on Moon Cycle, WD Gann Theory - for IRCTC - if you are stuck - do you want to hold till 15th Jan 2021 -plus minus 2-3 days.
Comment if you want to stay or you want to sell?
IRCTC Weekly Breakout . Last week Swing High Get Broken ,
RSI Swing High Get Broken ( Strong Momentum )
With High Volume .
Targets Are 1595 , 1764 , 1865 and Soo On ..
IRCTC : On support level, can see bounce backIRCTC hit the critical support line. We can see bounce back.
#IRCTC1270 a good buying area for IRCTC, should wait for it, for short term trade to long term trade not for intraday.
IRCTC - 79.3% UP in Net profit - bounce back from Demand zone#IRCTC results Q4FY20 Net profit up 79.3% at Rs. 150.6 cr and Stock is treading near to supply zone and got positive volume in last treading session. Current, stock is treading in narrow range and closed above 20EMA. RSI break the resistance trendline and moving UP.
Price Range 1481-1502 >>>>>> Supply zone and Strong resistance
Price Range 1338-1350 >>>>>> 1st Demand Zone and Strong support
Price Range 1238-1247 >>>>>> 2nd Demand Zone and 2nd support
Price Range 1180-1190 >>>>>> 3rd Demand Zone and 3rd support
Showing Bullish in Technical Parameter:
CCI is treading UP
RSI is treading UP
MFI is treading UP
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Support : 1361 and 1350
Breakdown : 1381
CMP : 1401
Breakout : 1443
Short Target : 1485 and 1502
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Positive & Negative Point:
1) Bullish in Daily/weekly/Monthly chart.
2) Stock underperforming from Benchmark and sectrol index on 1 week and 3 month both
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(Disclaimer: This is only for educational purpose.)
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 | 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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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.
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