IRCTC came out from its consolidated area with volume. We can see a short covering rally in IRCTC (Note:- This is my personal views. Please consult with your advisor before taking trade.)
1 THIS IS FOR ONIY EDUCATION 2 ENTRY 1517 TARGET A 1500 B 1600 SL 1305
Looks like Pennant breakout, colud be a start of bull run. Watch out.
IRCTC - Getting into a long consolidation. All depends on when they open up Rail services. Can be accumulated till 1210..! Wait for announcement, it will blast. Above 1450 it will can re test its earliers levels too..!
IRCTC hit the critical support line. We can see bounce back.
NARROW RANGE IRCTC DAILY TRENDLINE RESISTANCE HORIZONTAL LINES ARE SUPPORT AND RESISTANCE
1270 a good buying area for IRCTC, should wait for it, for short term trade to long term trade not for intraday.
#IRCTC results Q4FY20 Net profit up 79.3% at Rs. 150.6 cr and Stock is treading near to supply zone and got positive volume in last treading session. Current, stock is treading in narrow range and closed above 20EMA. RSI break the resistance trendline and moving UP. Price Range 1481-1502 >>>>>> Supply zone and Strong resistance Price Range 1338-1350 >>>>>> 1st...
resistance line being respected regularly.
I am a novice in markets, Feel free to correct me. Tools: Trend Line, OBV WITH 20EMA & Prices with triangle and 100EMA Observation: IRCTC had a pricegap on 26th june as results were postponed plus nifty`s volatility. Therefore the support line which it was holding on from 7th may, finally broke on 26th june. Then it was range bound between 1340-1440, so it has...
IRCTC has formed a bullish pennant pattern , Target 1720 , 1900 as mention in the chart with SL of 1370 for learning : Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. The volume at each period of the pennant is also important.
Follow up on previous chart just lower time frame Classic breakout then retest of blue dotted line at 1509 doubt it will dip below here but the other 2 MA's bringing up the rear end at 1456
IRCTC has been consolidating in a pennant right under the resistance for about 2 months now. Just broke out of it today, im long IRCTC until it hits 2000. Not selling before that. Think about it, the Railways are yet to operate in full capacity after lockdown is phased out slowly. Definitely i would expect this piece of art to boost up once the economy is...
IRCTC is on verge of breaking out of the pennant . with lockdown lifted , things should only go better for this stock
The trend is going in accomodating. Possible breakout in an uptrend.