IRCTC🎯 Trade Plan Summary
Trade Type: BUY
Entry: ₹723
Stop Loss (SL): ₹706
Target: ₹1206
Risk: ₹17
Reward: ₹483
Risk-Reward Ratio (RRR): 28.4
Last Swing High: ₹1138
Last Swing Low: ₹655
✅ Analysis & Commentary
Trend Confirmation: All timeframes (from Yearly to 60 Min) are in an uptrend, which confirms trend alignment and adds confidence to the bullish bias.
Entry Zone Validity: ₹723 is around the ITF average and aligns with Monthly SWAP and BUFL logic on lower timeframes—solid zone to enter.
🔍 Multi-Timeframe Trend Summary
Timeframe Trend Zone/Logic Proximal Distal Avg. Support
Yearly UP Support & Resistance 916 557 737
Half-Yearly UP DMIP 775 557 666
Quarterly UP DMIP/BUFL 775 557 666
Monthly UP SWAP 720 649 685
Weekly UP DMIP 774 706 740
Daily UP DMIP/BUFL 775 757 766
Intraday (60–240M) UP BUFL 723 706 715
SL Placement: ₹706 is close to the distal levels of multiple timeframes (Daily, Weekly, and ITF), making it a structurally valid stop loss.
Reward Potential: Target of ₹1206 sits above the previous high (₹1138), which indicates breakout expectation. Make sure there is no heavy resistance between ₹1138–₹1206.
RRR: At 28.4, this is an excellent reward-risk setup. Even if partial profits are taken at the previous high, the trade remains lucrative.
⚠️ Watchouts
Volume Confirmation: Ensure volume supports the move near 723–730. A breakout from this zone should be backed by strong volume.
Trailing SL Strategy: Consider moving SL to breakeven once price crosses ₹775 or ₹800 to reduce downside risk.
Macro Events: Be aware of any IRCTC-specific news (government announcements, earnings, etc.) that might cause volatility.
📌 Final Verdict:
This is a high-conviction buy setup with strong multi-timeframe alignment, a tight SL, and an exceptionally favorable RRR. Monitor price action around ₹723–730 closely for entry confirmation, especially on the 60M chart.
