IRCTC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of IRCTC Ltd (IRCTC)

📊 Trend Overview

Phase: Consolidating with bullish undertone

Price Action: Trading slightly above the 50-DMA (₹732) but below the 200-DMA (₹768), indicating a neutral-to-bullish setup.

Volume: Slightly above average (8.5L vs 7.9L), suggesting steady interest but not breakout-level momentum.

📈 Momentum Indicators

RSI (60.7): Bullish zone — indicates improving momentum, nearing overbought territory.

MACD (-0.37): Slightly negative — suggests recent weakness, but flattening trend hints at potential crossover.

Bollinger Bands: Price likely near the middle-to-upper band, indicating strength with room for expansion.

🧭 Chart Patterns

Rounded Base Formation: Price recovery from ₹656 suggests a potential reversal setup.

Resistance Retest: Price is approaching a key resistance zone near ₹750–₹768, which aligns with the 200-DMA.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 732 50-DMA, short-term base

Support 2 710 Previous swing low

Support 3 656 52-week low

Resistance 1 768 200-DMA, trend reversal trigger

Resistance 2 800 Minor resistance zone

Major Resistance 934 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹732–₹736 (on dips with volume confirmation)

Short-Term Target: ₹768–₹800

Exit Zone / Stop-Loss: ₹710 (below swing support)

🔄 Short-Term Outlook

Momentum: Stabilizing with bullish bias

Bias: Bullish above ₹732; cautious below ₹710

Phase: Consolidating — with potential for breakout

🧠 Key Takeaways

IRCTC is showing signs of recovery with price action above the 50-DMA and improving RSI.

MACD remains slightly negative, but flattening suggests a possible bullish crossover.

A close above ₹768 with volume could confirm trend reversal and open upside toward ₹800–₹934.

Let me know if you’d like a chart visualization or screener of similar mid-cap breakout candidates.

Edit in a page