IRCTC BuyIRCTC jumped up from its trend line. Also its break above a triangle pattern. Buy @CMP (785) with a SL of 740 for a target of 815 and 855.
Irctclong
IRCTC - BULLISH ACTIVEIRCTC - Indian Railway Ctrng nd Trsm Corp Ltd - BUY ACTIVE
Chart Insights : Day Chart
Stock closed at 754 on 15-Apr-25
We can see stock breaks the channel pattern with good volume and can expect upside move if its sustain above the resistance.
IRCTC at Key Support Level Since its inception, the IRCTC stock has consistently bounced off a trendline (TL) support. Currently, it has reached the same trendline and seems to be taking support again. Additionally, the previous supply zone around the **₹750-₹780 price range** has now turned into a demand zone. This presents a **good buying opportunity**, as the stock is showing signs of strength at this critical level.
IRCTC - Potential Bullish ReversalIRCTC - Potential Bullish Reversal with Elliott Wave Setup
Key Levels and Zones :
Current Price: ₹777.25 (-₹3.15, -0.40%)
Support and Buying Zones:
Wave C Completion Zone: ₹762.00 - ₹788.00
Extended Retracement Zone (Liquidity): Below ₹762.00
Target Zone: ₹978 - ₹1,008
Stop Loss: ₹728.80
Chart Analysis :
Wave Patterns: The daily chart illustrates an Elliott Wave correction pattern with the following structure:
Wave A: Initial decline signaling a bearish move.
Wave B: Temporary corrective upward move.
Wave C: Indicates a potential bullish reversal in the zone ₹762.00 - ₹788.00.
Change of Character (CHoCH): ₹815.75 acts as a key level for a potential sentiment shift if broken.
Support and Resistance Levels:
Support: Green zone (₹762.00 - ₹788.00).
Resistance: Descending trendline and target zone (₹978 - ₹1,008).
Trade Plan :
Entry Point:
Long positions can be initiated within the Wave C completion zone (₹762.00 - ₹788.00).
Targets:
Primary Target Zone: ₹978 - ₹1,008.
Stop Loss: ₹728.80 to mitigate downside risk.
Conclusion :
IRCTC’s daily chart reveals critical support and resistance levels, presenting traders with a structured trading opportunity based on Elliott Wave theory. By closely monitoring the Wave C completion zone and CHoCH level, traders can position themselves for potential bullish momentum with a favorable risk-reward ratio.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your analysis or consult a financial advisor before making investment decisions.
#IRCTC #TradingPlan #ElliottWave #TechnicalAnalysis #StockMarket
IRCTC long IRCTC closing above 910 with good volumes could again touch 1280-1300 levels. Could be a good long term stock..
IRCTC LOW RISK HIGH REWARD IDEAAs per my analysis, NSE:IRCTC is at best buy level of 620 with stop loss of 600 (-20 Points).
My expected upside target would be 632 & 687 (If price sustained above level of 635)
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
IRCTC IRCTC
Buy is at 622 Target is at 650
Sell is at 595 Target is at 560
technical analysis and is for educational purposes.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
Long for irctc levelsBuy Whenever Take bounce from this line long term targets above 820
entry 630 (safe entry above close 680)
Best Buy Level of IRCTCAs per my analysis, NSE:IRCTC has to retest level of 679-675. My idea is to take entry on 675 with stop loss of 625 (-50 Points).
Can hold positionally for upside targets of 711, 735, 790 & 835. This could be low risk and high reward idea.
Note: This is my personal analysis, only for learning. Thanks.
IRCTC : Breakout Candidate#IRCTC : Ready for Breakout
W pattern can be clearly seen which can be broken in coming days.
Take 5-10% and keep trailling
Good strength & Decent Volume in stock
Keep Sharing, loving & Following for more Learning.
Happy Trading !!!
IRCTC Levels & Next Actions based on Quarterly ResultsDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
IRCTC Levels & Next Actions based on Quarterly Results. IRCTC profit up by 42.5% (QOQ) which is really good. Revenues up 99% to 800+ Crores. Profit booking was observed after decent run-up in recent past ahead of results. It's a low risk stock with lower relative premium. Investor should book profit at higher levels and look for buy on dips opportunities only.
IRCTC -Getting Ready to take offIRCTC looks positive on most of the timeframes.
735-740 were the levels that the stock resisted for approx 2 months, then broke above it, and now consolidating above it from the past 1month.
Sustaining the same levels, the stock could move towards 780 to 850 levels in the coming weeks.
Trade Type: Positional - Long Trade
Immediate Support @ 735- 740
Immediate Resistance @ 780-790
CMP: 758
Tomorrow it might open with a gap on the upside, hence Buy on the dip and build on the way up
Trade at yout own RISK
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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#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 LONGIRCTC is finishing its internal wave-b of a larger wave-B and it will be time consuming but good for few months.
IRCTC breaks it's paraller channel after 6 months IRCTC has broke it's 6 month long consolidation of 1300-1400 with very high volume. it has broke 2 resistance point and taken resistance at 3rd point i.e. 1595. Can take long here.
Long the IRCTC stock - Analysis for 27 Oct 2021Hello, This is my Technical Analysis for Indian Railway Catering and Tourism Corporation (IRCTC) stock.
According to my analysis the price will go up.
We should take a Buy entry at 4210
The target should be at 4390
Stop Loss at 4088
Note: This is just a Technical Analysis (it doesn't guarantee that the analysis will always be the correct) if by any chance we don't reach to our targeted price and you lose money then I will not be the liable person for your trade/investment on any particular asset that you have made, only you will be the responsible for your lose. Thank you for understanding.
IRCTCthis was a major profit-booking
nothing wrong with the market
keep it if looking for a long time
good chance to take an entry in it
my recommendation is to buy only after it comes above 4640, there may be further profit-booking
wait till it crosses 4640
IRCTC Long IRCTC is close to another breakout and this time it would reach 3825 levels by end of next week.
FULL SEND IRCTC TO ₹3000We are out of the Ascending Triangle on the weekly. Time to fly. Send it to ₹3000!
NSE:IRCTC
