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Irctctechnicalanalysis

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.
NSE:IRCTC
by manishmgupta
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
NSE:IRCTCLong
by manuagarwal21
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”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:IRCTCLong
by Tron029