IRCTC Inverse H&S BreakoutIRCTC has made a strong double bottom at 560 and higher high pattern started after breakout from 656 with Inverse H&S pattern
IRCTC trade ideas
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 CMP 628 DAILY CHARTIRCTC CMP 628. Trend line breakout confirmation. Price breakout above 657 neded for a Bullish Momentum
IRCTC bullishIRCTC trendline breakout on 17-04-2023
1st target 654 stoploss 580
2nd target 711
3rd target 765
4th target 917
keep trail your stoploss on target-wise
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 weekly IRCTC weekly setup poised for decent uptrend again
bollinger bands squeezing near supports, volumes drying
railways theme is the flavor currently
SL 560 weekly closing basis
IRCTC Support Zone IRCTC Strong support zone 595
Major Weekly support 560
Traders can short below 594 Than stop loss can be maintain as per given Resistance zone target can be 560 484 417+++
Positional view
IRCTC Double bottom Make or Break ZoneIRCTC Today make DOUBLE TOP Zone
Make Or Break Zone 540 568
If Monthly Closing Below 548 540
than upcoming days we can see 490 448 424 384+++
Fresh long & Short - Wait for confirmation 👍
Trending In negative channel and most probably to do so in futurDaily chart analysis of IRCTC,
Trending in negative channel. No chance of upside unlesss breaks channel in upward direction.
Breakout in below trend line or support level of 550, will open the room for levels of 400 and 270.
Trending In ChannelWeekly chart analysis of IRCTC,
Trending in negative channel. No chance of upside unlesss breaks channel in upward direction.
Breakout in below trend line or support level of 550, will open the room for levels of 400 and 270.
Positional buying trade for IRCTCbuy on irctc with limited risk and profit target of 90points against the 30 point risk.
Train Karze me Chal rhi h kya ?Hi @PROFIT7065
As you have requested here is the Chart, what is time Horizon and other important data so Weekly Time frame looks reasonable to me.
Rest wishing you the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
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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.
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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.
irctcirctc has been on the lower side for many days, but now it is making its reversal indications. you can go for buying side
IRCTCIn the Daily chart of IRCTC ,
we can see that, 650 level is respected multiple times.
Also we can a W pattern breakout at 640 levels.
This is a Monopoly stock, we can enter after it breaks W pattern and hold long as an investment.
IRCTC IRCTC looks good for a range breakout consolidating in a range if moved outoff of the range can touch 648 in a shootup way
Ask your financial advisor before buying
Only for educational purposes
Long for irctc levelsBuy Whenever Take bounce from this line long term targets above 820
entry 630 (safe entry above close 680)
IRCTCHello and welcome to this analysis
In the month of December 2022, Govt announced divestment which lead to gap down openings on the consecutive days. the 2nd gap down activated a Bearish Island Reversal.
From 600 it appears to have completed a Dead Cat Bounce and now could continue its downtrend.
It has resistance at 650 while support comes in at 610 and below that near 575 where it could complete this down move.
Irctc is in neutral conditionIt is making symmetrical triangles
But if next week see green candle from support
Sell if break support
See and respect level
May be weekly chart making inverted head and shoulder pattern
