IRCTC - Technical Analysis

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

Technical Rating: 2.7

Here’s a complete snapshot of IRCTC (Indian Railway Catering and Tourism Corporation) from a technical lens — it’s currently in a precarious position but might be nearing a tactical inflection point

📉 Trend Overview

Current Price ₹736 is sitting below both 50-DMA ₹766 and 200-DMA ₹788, implying sustained short-term and medium-term weakness.

Stock is down ~26% from its 52-week high of ₹998 and trading ~12% above its yearly low of ₹656.

The 52-week index of 23.4% shows moderate underperformance.

🧭 Trend Status: Reversing downward, approaching key support zone.

🌀 Momentum Indicators

RSI (32.1): Near the oversold zone → bounce potential exists if support holds, though not yet confirming reversal.

MACD (-8.20): Strongly negative → bearish momentum dominates, and the gap from signal line indicates deeper weakness.

Volume (5.13L) vs 1Wk Avg (6.28L): Lower-than-average participation, typical of a consolidating or cooling stock.

📈 Bollinger Bands Insight

Price is likely pressing against the lower band, which amplifies the oversold tension.

No squeeze detected → volatility could rise if buyers begin reacting near support.

📊 Support & Resistance Zones

Zone Type Price Zone (₹) Insights

Support 725 – 735 Key demand zone and psychological cushion

Resistance 765 – 775 50-DMA, recent bounce levels

Breakout Zone 790+ Clearing 200-DMA could trigger a trend reversal

🎯 Trade Strategy

Entry: ₹728–₹735 (oversold tactical entry near bottom of the range)

Exit: ₹765–₹770 (short-term relief rally target)

Stop Loss: ₹715 (just under the support base and invalidation level)

📌 Conclusion

IRCTC is technically weak but near support with oversold indicators, giving it a tactical bounce setup.

For positional traders, MACD reversal + RSI above 40 would confirm a more reliable upside push.

Until price reclaims ₹790+, trend remains vulnerable and reactive.

Want to pair IRCTC's technicals with passenger traffic data or explore how its tourism arm is influencing price action? Let’s chart that next 🚄📊

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