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INDIAN RAILWAY CATERING AND TOINDIAN RAILWAY CATERING AND TOINDIAN RAILWAY CATERING AND TO

INDIAN RAILWAY CATERING AND TO

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IRCTC trade ideas

IRCTC Reaches Multi-Year Support – Should You Buy Now...?IRCTC has recently approached a significant multi-year support level at 768. This level has proven to be a reliable support point in both 2020 and 2023, indicating its importance for investors and traders alike. Currently, although we are observing a short-term downtrend in the stock's price, there is a potential turning point in sight. If the price manages to break above the established trendline and maintains that elevated position, it could signal a promising buying opportunity. This scenario would be reinforced by two key confirmations: first, the reaffirmation of the multi-year support at 768, which historically has provided a cushion against further declines; and second, the breakout above the trendline, suggesting a potential shift in momentum. Thus, careful monitoring of these levels may provide strategic entry points for investment.
NSE:IRCTCLong
by Kartik_Elkunchwar
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
NSE:IRCTCLong
by LiveTradingBox
IRCTC CHART ANALISYS 2025Market Now Not UP TREND PLZ Wait For TREND Moves, Supports and Resistance Respect IRCTC STRONG STOCK A market trend refers to the general direction in which the price of financial instruments (stocks, indices, commodities, etc.) moves over a specific period. Market trends can occur in any time frame, such as short-term (intraday), medium-term (weeks to months), or long-term (years). Understanding market trends is crucial for traders and investors to make informed decisions. Here's a detailed description of market trends: Technical Indicators of a Bullish Trend in IRCTC Higher Highs and Higher Lows Consistently forming higher highs and lows on the price chart, signifying strong buying interest. Moving Average Crossovers The 50-day moving average crossing above the 200-day moving average ("Golden Cross") is a positive signal. Volume Surge Higher trading volumes on up days indicate strong participation and conviction among buyers. Momentum Indicators
NSE:IRCTCLong
by SHYAMCHARAN143
IRCTC Breakdown Trading StrategyThe stock price of IRCTC has fallen below major support levels and currently offers good positional opportunity. The business has a monopoly and the current news flows had impacted the sentiments negatively. The news impact seems to be over and the stock is prepared to perform. Note: The idea shared is aimed at spreading practical awareness of the theoretical concept of Breakdown Trading Strategy. Do not make any financial commitments based on this.
NSE:IRCTCLong
by Gaurav_Singh_5705
IRCTC Weekly Analysis: Bearish Setup Ahead of Results IRCTC’s stock is showing signs of weakness on the weekly timeframe, with a clear head-and-shoulders pattern that suggests potential downside risk. Currently trading around 831, IRCTC is facing resistance at the 847 level, which acts as a critical barrier for bulls. A close above this level on a weekly basis would be needed to invalidate the bearish outlook, potentially reversing the trend. However, if IRCTC fails to reclaim 847, we could see increased selling pressure in the coming sessions. With earnings results due on November 4th, there is added uncertainty in the market. If the results disappoint, the stock could break further down, targeting the Fibonacci support levels around 806, 778, and potentially as low as 730. Each of these levels aligns with key Fibonacci retracements, offering possible points where buyers might step in. For investors and traders, caution is advised as we head into the results. A sustained move below 847 could open up substantial downside risk. Bulls will need a strong catalyst from the earnings report to push the price back up and change the trend. Watch these levels closely, and manage your positions accordingly.
NSE:IRCTCShort
by TheSnop
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