IRCON - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.9

Here’s a sharp technical breakdown of IRCON International Ltd., decoding its short-term chart setup, momentum signals, and trade zones

📉 Trend Overview

Current Price ₹181 is below both 50-DMA (₹190) and 200-DMA (₹192), highlighting persistent downtrend pressure.

From the ₹302 high, the stock has declined over 40%, and now sits near a prior support shelf (₹175–₹180).

🧭 Trend Status: Reversing with weak undertones, attempting to base after a prolonged sell-off.

🔁 Momentum Indicators

RSI (36.6): In oversold territory, signaling growing downside exhaustion and a potential bounce setup.

MACD (-4.15): Deep in negative and widening → bearish momentum still dominant.

Volume (~3.17M): Slightly above weekly average (2.68M), which may indicate early accumulation by contrarian traders.

📊 Bollinger Bands

Price likely hugging the lower band, reinforcing oversold mood.

No visible squeeze, suggesting rangebound action unless triggered by news or volume spike.

📐 Support & Resistance Matrix

Zone Type Price Range (₹) Commentary

Support 175 – 180 Recent congestion zone, also psychological support

Resistance 190 – 192 50-DMA and 200-DMA, heavy resistance cluster

Breakout Zone 195+ Above moving average stack → potential reversal cue

🎯 Trade Strategy

Entry Zone: ₹176–₹181 (risk-defined bounce near support + RSI setup)

Exit Zone: ₹190–₹192 (conservative target at DMA resistance)

Stop Loss: ₹170 (below major support and recent swing low)

🔍 Conclusion

IRCON is showing early signs of reversal, especially if volume sustains and MACD flattens.

Momentum remains weak but oversold conditions could trigger a short-term technical rebound.

A move above ₹195 on volume confirmation would flip trend bullish toward ₹205–₹215.

Want to chart IRCON’s structure against peers like RITES or Rail Vikas Nigam Ltd. to spot sector rotation or breakout candidates? I’ve got comparative setups on tap 🔍📈

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