IRCTC: Strong Q1 Performance and Key Technical Levels to Watch💰 IRCTC reports a 32.5% increase in net profit for Q1 FY25, indicating strong growth
🔄 Wait to Retrace from major support level
📈 Potential bullish breakout above 955, with resistances at 1002, 1057, and 1139
📉 Watch for bearish breakout if support fails
📊 Follow for analysis!
Irctcanalysis
Buy IRCTC for 31% gainIRCTC is showing a reverse head and shoulder pattern which is a positive sign after other railway stocks have rallied. The target price is 1280 which is the lifetime high and it will give a 31% gain from current price. No stoploss. I do not believe in stop loss as taught by my teacher. Buy it on dips.
It is an analysis for educational purpose.
Trade and invest with your own risk
It is not a buy or sell recommendation. I am not a SEBI registered advisor
IRCTC FORMED DOUBLE BOOTOM STRUCTUREThe price corrected almost 55% from the all time high level of 1280. Now price near the weekly support of 550 and formed double bottom structure on weekly timeframe. price indicating perfect low risk & high rewards setup. The level of 550 is strong support level for the price & my initial targets will be 655/700/788 for the upside momentum of stocks. If price closes below 550 level on weekly chart than more fall can be seen in the price.
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.
predictive analysis in wcbNSE:IRCTC is presently at important price action junction.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
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 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