Indian Railway Catering & Tourism Corporation Ltd

NSE :IRCTC   BSE :542830  Sector : Railways

 IRCTC Share prices zoomed up 9.01% in Monday’s trading session. Stock hits new 52-week high at 2113.85 on NSE. This sharp rise in IRCTC shares can be attributed to unblock activities, airline traffic doubling in June 2021 fueling speculation for the same in Indian Railways traffic and strong fundamentals of the Indian Railways’ PSU stock.

What’s Ahead? Technical outlook of IRCTC:

Stock is trading around all time high. It is trading around an upwards sloping trend line resistance level which lies at 2114. Stock if sustains above 2114 sharp up move can be seen in the next trading session. As stock is trading around make or break level. For intraday traders we suggest a strategy to buy stock above 2115 for the target of 2175 with stop loss placed below 1926. If stock is unable to cross 2115 it can drag towards 1950 where investors can start accumulating stock for short term till 1800 level, Strong support for the stock is at 1745

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