IRFC - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.0

Here’s a comprehensive technical analysis of Indian Railway Finance Corporation Ltd (IRFC)

📊 Trend Overview

Phase: Consolidating with bullish undertone

Price Action: Trading just above the 50-DMA (₹128) but below the 200-DMA (₹134), indicating a neutral-to-bullish setup.

Volume: Below average (86.2L vs 113.5L), suggesting reduced participation and a wait-and-watch sentiment.

📈 Momentum Indicators

RSI (59.8): In the neutral-to-bullish zone — momentum is improving but not yet overheated.

MACD (0.36): Positive and flattening — signals mild bullish momentum with potential for acceleration.

Bollinger Bands: Price likely near the middle band, indicating consolidation with room for expansion.

🧭 Chart Patterns

Rounded Base Formation: Price recovery from ₹108 suggests a potential reversal setup.

Trendline Support: Rising trendline from recent lows supports the bullish structure.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 128 50-DMA, short-term base

Support 2 120 Previous swing low

Support 3 108 52-week low

Resistance 1 134 200-DMA, trend reversal trigger

Resistance 2 140 Minor resistance zone

Major Resistance 167 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹128–₹129 (on dips with volume confirmation)

Short-Term Target: ₹134–₹140

Exit Zone / Stop-Loss: ₹120 (below swing support)

🔄 Short-Term Outlook

Momentum: Mild and stabilizing

Bias: Bullish above ₹128; cautious below ₹120

Phase: Consolidating — with potential for breakout

🧠 Key Takeaways

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

MACD remains mildly positive, suggesting a potential continuation if volume picks up.

A close above ₹134 with volume could confirm trend reversal and open upside toward ₹140–₹167.

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

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