IRCON INTERNATIONAL LTDIRCON INTERNATIONAL LTD. (1D)
CMP 166
Close within 52 Week High Zone
Continuing higher High Higher Low Formation
Already Covered at Rs. 88.65
SECTOR : Infrastructure
INDUSTRY : Engineering - Construction
SMALLCAP
MARKET CAP : 15,612.56 cr.
PE : 17.99
INDUSTRY PE : 48.68
About Company:
The company specializes in major infrastructure projects, including, railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV sub- stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. In its railway construction business, the company is a turnkey construction company that specializes in new railway lines, rehabilitation/conversion of existing lines, station buildings and facilities, bridges, tunnels, signaling and telecommunication, and railway electrification. Projects are usually awarded to it directly or where applicable, the Ministry of Railways awards projects to it indirectly through nomination. In electrical business, the company carries out railway electrification and railway siding as turnkey projects. It also leverages its in- house design capacity to carry out projects on EPC basis.
IRCON trade ideas
Ircon international Ircon international recently won an order from govt of rs 144 crores novice traders will follow up the news and buy but being a technical analyst it my obligation to share a knowledge with my folks and mass globally
Ircon international have been trading in a pennant chart pattern breakout awaited go with low qty for buying on a successful breakout add more
Keep in watchlist
Ask your financial advisor before buying
Only for educational purposes
IRCON Breakout Its a top performing stock in this sector
IRCON International Limited, commonly known as IRCON, is an Indian government-owned engineering and construction company. It specializes in infrastructure projects such as railways, highways, bridges, tunnels, airports, and buildings. IRCON was established in 1976 and is headquartered in New Delhi, India.
As a government-owned company, IRCON is listed on the stock exchanges in India. It is primarily listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker symbol "IRCON." Investors can trade IRCON shares on these exchanges.
Ircon international Ircon international a government company looks good for positional and 2x swing tgt
A very decent pick amid pre and post budget 2023
Having a resistance at 66 if breaks 66 it can head for 80rs levels
Volume building up slowly slowly
Ask your financial advisor before buying
Only for educational purposes
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IRCON Short Term ReversalThe stock has reached lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 1.5:1
SL is placed below multiple support zones & lower trendline. The target is placed near upper trendline and swing high.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline and 200 EMA are broken after results, it may be a better option to exit.