IRCTC - GO LONG SETUPIrctc - Again Retest expected at 640-630 Range, One can go long for the Target of 800 in short term. Keep stop loss at 600 (Closing) - Good stock for long term.
IRCTC trade ideas
IRCTC buying opportunity for swing tradingBuy bewteen 725 to 630
Target >790
Keep strict stop loss below 720 on daily close basis.
Mind the market condition nwxt week.
If market condition is bearish then enter only of IRCTC chart shows good strength.
IRCTC ,, Catch the train on Time Target :800
Positive Breakout Third Resistance ( LTP > R3)
High Volume, High Gain
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 23.75% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 31.52%
Company has been maintaining a healthy dividend payout of 28.24%
Debtor days have improved from 162.78 to 111.21 days.
NetProfit 29.1%
OperatingProfit 31.9%
F&O data suggests Long Buildup today
50.20% away from 52 week high
38.50% away from 52 week low
High Piotroski Score - Companies with strong financials
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with No Debt
Increasing Revenue every quarter for the past 3 quarters
Increasing profits every quarter for the past 3 quarters
Company with Zero Promoter Pledge
IRCTC ready to Fire in Coming Days.Rajdhani Is set to fire in the coming days with 100% Market Share In the Segment, Also Today has news related to ticket counter closer So be ready to ride the Journey in Coming Days.
IRCTCIRCTC now resistance level 724.65
Resistance level up side closing possible TP1,2,3,4
Technical parameters are positive.
This stock near out performing area of benchmark index.
Breakout on XABCD pattern 1.272 is a key level watch for target
And take your trades according to your risk appetite
A perfect break-out on XABCD PATTERN Target will achieve according to the chert patern, trade according to your risk appetite.
Perfect break-out on XABCD pattern Torget will be achived according to the chart patern make trades according to your risk appetite......
IRCTC LEVELES ... D Candle (27.07.2022)IRCTC now forms harmonic pattern , this junction is a good buying opportunity bcz risk reward is good, in short term we expect 650-700 levels
IRCTC - falling trendline broken to upside. BuyThe trendline in play since the top in oct 2021 was broken today
Bulls have a chance to make a comeback here
irctc irctc has major breakdown in weekly tf if pullback come in irctc we can buy july put of 550 on 630-635 levels
irctcI think this is the right time to buy for long according to tripple confirmation.
volume brakout
macd buy signal
rsi going in buy signal
...........................................
double bottom
neck line breakout
next target on trend line ressistance 750
IRCTC important levels as per intradayIRCTC important levels for tomorrow
Seeing good resistance trend line if break then upside movement or else down....
Irctc breash in daily time frameIrctc breash in daily time frame sel on rise.... Short below 620 for tomorrow 🎯 595,590,580
IRCTCIndian Railway Catering and Tourism Corporation (IRCTC) is a Mini Ratna (Category-I) Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems.(Source : Company Web-Site)
Technical :-Trading in channel also it is a falling wedge pattern, buy at IRCTC c.m.p. or after breakout if u buy at IRCTC c.m.p. then stop loss is below trendline breakout candle.
Target :- 52 week High (1279)
Fundamental :-
Business Model -
1.Mobile Catering Business.
2.Static Catering Business.
3.Hospitality Business.
4.E-Catering Business.
DISCLAIMER :
**I am not SEBI register..**
**This is not an investment or Trading advice. This is Just for discussion/paper trading purpose..
IRCTC respecting trend linesIRCTC is respecting trend lines
BO above trend line can give a good move
Trade accordingly
IRCTC: Long Term Investing OpportunityAs we Can See Irctc Has Broken The Support And Now Stand At The 200MA But Because Of Negative Global , It Will Probably Break The 200MA And Go for The Test of Its Very Strong Support Zone Which is Around 710-700 And It is the best opportunity For One To Invest In This Type Of Monopoly Stocks. And From that Level We Can See A very Soon Upside Target Of 20%-25% in Few Months.
IRCTCIRCtC break out for short time
Open 791.85
High 799.80
Low 789.05
Mkt cap 63.24TCr
P/E ratio 114.28
Div yield 0.32%
52-wk high 1,279.26
52-wk low 310.00
